Surety bond for debt adjusters required, amount

§ 425.027 RSMo — under Debt Adjusters and Collection Agencies.

§ 425.027 RSMo

425.027. Surety bond for debt adjusters required, amount. — Each initial license application shall be accompanied by a surety bond in the principal sum in accordance with the following categories:

(1) Fifty thousand dollars if the applicant declares that the operation will handle no consumer monies; or

(2) One hundred thousand dollars otherwise.

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(L. 2007 H.B. 329, A.L. 2011 H.B. 661)