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West Virginia Credit Service Organization Surety Bond

West Virginia Surety Bond

Name: West Virginia Credit Service Organization Surety Bond
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.71 (223 reviews)

Category:

West Virginia Secretary of State - Business Organizations - Credit Service Organizations

State:

West Virginia

Control #:

WV-SKU-0251

Format:

Instant download

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Public form

Description

Credit Service Organization Surety Bond West Virginia Credit Service Organization Surety Bond (also referred to as a West Virginia Credit Service Surety Bond) is a type of surety bond that is required for any individual or business that wants to act as a Credit Service Organization in the state of West Virginia. This bond guarantees that the Credit Service Organization will comply with all applicable state statutes and regulations, including the West Virginia Credit Service Business Act. The bond amount varies depending on the type of Credit Service Organization and the amount of credit extended. There are two types of West Virginia Credit Service Organization Surety Bonds: a $25,000 bond for a Credit Service Organization that extends credit to an individual consumer in an amount of $2,500 or more, and a $50,000 bond for a Credit Service Organization that extends credit to an individual consumer in an amount of more than $2,500.

West Virginia Credit Service Organization Surety Bond (also referred to as a West Virginia Credit Service Surety Bond) is a type of surety bond that is required for any individual or business that wants to act as a Credit Service Organization in the state of West Virginia. This bond guarantees that the Credit Service Organization will comply with all applicable state statutes and regulations, including the West Virginia Credit Service Business Act. The bond amount varies depending on the type of Credit Service Organization and the amount of credit extended. There are two types of West Virginia Credit Service Organization Surety Bonds: a $25,000 bond for a Credit Service Organization that extends credit to an individual consumer in an amount of $2,500 or more, and a $50,000 bond for a Credit Service Organization that extends credit to an individual consumer in an amount of more than $2,500.

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FAQ

West Virginia surety bonds typically guarantee the performance of a contract or that an individual and/or their company complies with the rules and regulations that govern their particular industry.

Unjust enrichment is an equitable cause of action not governed by any statute of limitations in West Virginia (Dunn, 689 S.E.2d at 266-67).

West Virginia has a comprehensive consumer protection law ? the West Virginia Consumer Credit and Protection Act ? that prohibits businesses from committing unfair or deceptive acts in consumer transactions. This law is a powerful weapon for consumers who have been the victims of abusive and fraudulent practices.

The West Virginia statute of limitations for personal injury claims is generally two years after the date of injury. Therefore, the best way to protect your legal rights is to file a lawsuit within two years after you were injured.

Collection agencies wishing to do business in West Virginia must post a $5,000 surety bond to the State Tax Department with their license application. The cost for your WV collection agency bond is $100 paid annually.

LIMITATIONS PERIOD The statute of limitations is four years under the West Virginia Consumer Credit and Protection Act (W. Va. Code § 46A-5-101).

Credit Cards- 10 years If the debt is for the non-payment of an outstanding balance on a credit card, then the creditor has ten (10) years to file a collection lawsuit against the debtor.

(a) When the condition of the bond has been satisfied or the forfeiture thereof has been set aside or remitted, the court or magistrate shall exonerate the surety and release any bail and, if the bail be in a form other than a recognizance, the deposit shall be returned to the person who made the same.

More info

If you need a surety bond for a credit repair business, visit SuretyBonds. Com or give them a call at 1 (800) 308-4358.Credit service and debt management professionals must obtain surety bonds to ensure their organizations conduct business in an ethical and lawful manner. The premier online provider of surety bonds nationwide since 2003. Apply online for a Credit Services - Credit Repair Surety Bond. What is a credit services organization bond? Apply for a Credit Service Organization Bond today! Surety bonds written and provided nationwide! Credit services organizations should submit the completed bond form, including the power of attorney, electronically through the NMLS. This bond will expire on.

West Virginia Surety Bond

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How to fill out West Virginia Credit Service Organization Surety Bond?

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FAQ

What is a surety bond West Virginia?

What is the statute of limitations on unjust enrichment in West Virginia?

What is the consumer protection law in West Virginia?

How long do you have to file a lawsuit in WV?

How much is a surety bond in WV?

What is the statute of limitations for the Consumer Credit and Protection Act in West Virginia?

What is the statute of limitations on credit cards in West Virginia?

Do you get bond money back in WV?

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