Surety Bond Details
Cost: $650
Private Child Support Collector Bond | ||
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Category: | License & Permit Bonds | |
Obligee: | Georgia Secretary of State, Corporation Division | |
Amount: | $50,000 | |
Duration: | Stated on Bond | |
Expiration: | Stated on Bond |
Child support is a crucial aspect of ensuring the well-being and financial stability of children whose parents are divorced or separated. In Georgia, private child support collectors play a vital role in enforcing child support orders and ensuring that parents fulfill their financial obligations. To protect the interests of the children and the parties involved, the state requires private child support collectors to obtain a bond. In this blog post, we will explore the Georgia Private Child Support Collector Bond in detail, including its purpose, requirements, and benefits.
The Georgia Private Child Support Collector Bond is a crucial requirement for private child support collectors in the state. It serves to ensure compliance with child support orders, protect the interests of children, and provide financial security for all parties involved. By understanding the purpose, requirements, and benefits of this bond, private child support collectors can operate with confidence and credibility, knowing that they are fulfilling their obligations and protecting the well-being of children.
Georgia Private Child Support Support collector Bond ($50,000) Effective July 1, 2009, O.C.G.A. 10-1-393.9 and 393.10 require private child support collection companies to register and post a bond with the Secretary of State, and to file with the Georgia Department of Law's Consumer Protection Division a sample copy of any contract they use in the State of Georgia. The Governor has expressed his intent that the law be interpreted as limiting fees charged by collection agencies to past due child support, not current or baseline child support payments.
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