Surety Bond Details
Cost: $1,200
Credit Repair Services Bond | ||
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Category: | License & Permit Bonds | |
Obligee: | Louisiana Office of the attorney General | |
Amount: | $100,000 | |
Duration: | Stated on Bond | |
Expiration: | Stated on Bond |
Louisiana Credit Services Repair Bond ($100,000) The Credit Repair Services Organization Act (LA. R. S. 9:3573.1 et seq) charges the Louisiana Attorney General's Office with ensuring that all credit repair services organizations register and file a $100,000.00 surety bond with the Louisiana Attorney General's Office before conducting business in the state. The act defines a Credit Repair Services Organization as a person who, concerning a buyer, in return for the payment of money or other valuable consideration, directly or indirectly, provides or represents that they can or will, directly or indirectly, provide any of the following services: A) Improving a buyers credit record, history, or rating. B) Giving advice or assistance to a buyer about improving a buyer's credit record, credit history, or credit rating, including selling a self-help instructional guide.
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