What is an Oklahoma Credit Services Organization Bond?
A Credit Services Organization License Bond is a type of surety bond required as set forth in the Oklahoma Credit Services Organization Act. This surety bond ensures that the licensed credit service organization conducts business in an ethical responsible manner and observes and complies with all of the provisions of the Oklahoma state laws. The surety bond coverage amount is $10,000 and the bond is issued for the benefit of Oklahoma Department of Consumer Credit.
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