Mississippi Debt Management Services Bonds

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Debt Management Services Bonds And Getting Your Mississippi Business License/Registration

License period Debt Management Service Providers is January 1 to December 31 and is not pro-rated for application made during the license period. The minimum licensing requirements are as follows;

1. Initial license fee
2. $50,000 surety bond issued for licensing period. Cash or a certificate of deposit in the same amount may be provided in lieu of surety bond
3. Financial Statements
4. Register with Mississippi Secretary of State
5. Overview of the transactions and activities to be conducted
6. Copy of consumer agreements and fee schedule
7. Copy or servicing contracts or agreements between licensee and any third parties
8. Narrative explaining how client payments are processed
9. List of all education, courses and products offered to consumers and the associated costs

Additional Mississippi Debt Management Services Bond Resources & Links

Mississippi Department of Banking and Consumer Finance Debt Management Service Provider