$50,000 Bond for NM Debt Mangement Service Providers

Category: Uncategorized
Published: Sep 28, 2011
HB 313: License Bond – Debt Management Services

The Uniform Debt Management Services Act of the National Conference of Commissioners of Uniform State law will be adopted through this bill. A $50,000 surety bond will be required to be posted by debt management service providers. Sureties will be required to be “A” rated by this bill from a nationally recognized rating service and licensed in that state.

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