Surety Bond for ND Debt Management Service Providers
Debt management service providers will be regulated by this bill. This would require licensure and a $50,000 surety bond to be posted. The Commissioner of the Department of Financial Institutions will be allowed to require a larger bond through regulations of this bill.
The following two tabs change content below.
Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.