US Legal Forms
Michigan Debt Management Surety Bond For License

Michigan Debt Management Surety Bond For License

Name: Michigan Debt Management Surety Bond For License
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.67 (476 reviews)

Category:

Michigan Secretary of State - Blue Sky - Securities - Debt Management

State:

Michigan

Control #:

MI-FIS-0508

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Debt Management Surety Bond For License Michigan Debt Management Surety Bond For License is a form of financial guarantee required by the State of Michigan to protect the financial interests of consumers who hire debt management services. This surety bond ensures that debt management services will be performed in accordance with Michigan laws and regulations, and it also protects consumers from any potential financial loss due to fraudulent or dishonest activities. There are two types of Michigan Debt Management Surety Bond For License: the Certificate of Authority Surety Bond and the Renewal Surety Bond. The Certificate of Authority Surety Bond guarantees that the debt management service provider will comply with Michigan laws and regulations, and it must be renewed every two years. The Renewal Surety Bond is required when the Certificate of Authority Surety Bond has expired and must be renewed. Both types of surety bond must be issued by an authorized surety company and filed with the Michigan Department of Insurance and Financial Services.

Michigan Debt Management Surety Bond For License is a form of financial guarantee required by the State of Michigan to protect the financial interests of consumers who hire debt management services. This surety bond ensures that debt management services will be performed in accordance with Michigan laws and regulations, and it also protects consumers from any potential financial loss due to fraudulent or dishonest activities. There are two types of Michigan Debt Management Surety Bond For License: the Certificate of Authority Surety Bond and the Renewal Surety Bond. The Certificate of Authority Surety Bond guarantees that the debt management service provider will comply with Michigan laws and regulations, and it must be renewed every two years. The Renewal Surety Bond is required when the Certificate of Authority Surety Bond has expired and must be renewed. Both types of surety bond must be issued by an authorized surety company and filed with the Michigan Department of Insurance and Financial Services.

View Defendant's Personal Oath Bond with NOLO Contendre Plea

View this form

View Motion and Order to Revoke Personal Bond

View this form

View Defendant's Cash Bond Paid by Third-Party

View this form

View Defendant's Personal Cash Bond

View this form

View Oath of Surety

View this form

View Defendant Surety Bond

View this form

How to fill out Michigan Debt Management Surety Bond For License?

How much time and resources do you often spend on drafting formal paperwork? There’s a better opportunity to get such forms than hiring legal specialists or spending hours searching the web for a proper blank. US Legal Forms is the premier online library that offers professionally drafted and verified state-specific legal documents for any purpose, like the Michigan Debt Management Surety Bond For License.

To obtain and complete a suitable Michigan Debt Management Surety Bond For License blank, adhere to these easy steps:

Look through the form content to ensure it meets your state requirements. To do so, check the form description or utilize the Preview option.
In case your legal template doesn’t satisfy your needs, locate another one using the search tab at the top of the page.
If you are already registered with our service, log in and download the Michigan Debt Management Surety Bond For License. Otherwise, proceed to the next steps.
Click Buy now once you find the right document. Opt for the subscription plan that suits you best to access our library’s full service.
Sign up for an account and pay for your subscription. You can make a payment with your credit card or via PayPal - our service is totally secure for that.
Download your Michigan Debt Management Surety Bond For License on your device and fill it out on a printed-out hard copy or electronically.

Another advantage of our service is that you can access previously acquired documents that you safely keep in your profile in the My Forms tab. Get them anytime and re-complete your paperwork as frequently as you need.

Save time and effort preparing formal paperwork with US Legal Forms, one of the most trusted web services. Sign up for us today!

Form Rating

4.67

Satisfied(476)

Form popularity

FAQ

A Vehicle Uniform Surety Bond (also known as a Bonded Title, Certificate of Title Bond, Defective Title Bond, or Lost Vehicle Title Bond) allows a vehicle, watercraft, or snowmobile owner to claim ownership and register the vehicle with the state of Michigan when a title has been lost, stolen or is missing.

Michigan notary surety bond costs are $30 for the state-required 6 or 7 year term. An errors and omissions insurance notary package is also available for $55. Including errors and omissions insurance with your bond ensures you are not held personally liable for mistakes made while notarizing documents.

Applicants for a notary public commission are required to obtain a $10,000 surety bond and file it at the office of the county clerk in the county where the applicant resides. The company from which you receive the surety bond must be licensed to do business in Michigan.

How much does a title bond cost in Michigan? Michigan title bond costs start at $100. The exact cost will vary depending on the vehicle type as well as surety bond amount required by the Michigan Secretary of State Vehicle Title Division. Bond amounts up to $6,000 cost just $100.

Surety bond premiums (the amount you pay) are often calculated as a percentage of the total bond amount, usually between 0.5% and 5% of the bond amount for applicants with good credit, and between 5% up to as much as 20% of the bond amount for applicants with poor credit.

In the fiscal year of 2021, Michigan's state debt stood at about 36.53 billion U.S. dollars. By the fiscal year of 2027, this is forecasted to increase to about 49.67 billion U.S. dollars.

Call the business, general contractor, government agency, or county clerk you are required to file the bond with. Ask them for a list of three to five phone numbers of surety insurers that write bonds for businesses or occupations like yours. Access our Insurance Company Locator.

More info

Failure to complete and submit this form properly could result in denial, suspension or revocation of your license. Debt Management Services License.PreRequisites for License Applications. Debt management services providers should submit the completed bond form, including the power of attorney, electronically through the NMLS. Indiana requires debt management companies to purchase a surety bond as part of the application process to obtain a business license. Complete an online application. One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign. An Alabama debt management program surety bond for service providers is a form of financial security acceptabe to the state. Complete an online application. One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.

Michigan Debt Management Surety Bond For License

Description

Related forms

How to fill out Michigan Debt Management Surety Bond For License?

Show more info

Form Rating

Form popularity

FAQ

What is a surety bond in Michigan?

How much is a surety bond in Michigan?

How to get a 10 000 surety bond in Michigan?

How much does it cost to get bonded in Michigan?

How do you calculate surety bond?

What is the state debt of Michigan?

How do I get a surety bond in Michigan?

More info

Trusted and secure by over 3 million people of the world’s leading companies