Debt Management surety bond for the state of IL

H 4682 – Debt Management. Would amend the Debt Management Service Act; would require debt relief service providers to post a $25,000 Surety bond, and debt settlement service providers to post a $75,000 Surety bond.

Status: 1/4/10 – In House; referred to Rules

Still no word on this new requirement. As soon as we hear something we will let you know

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