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Illinois services surety bond 2026

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The document outlines the requirements for a credit services organization in Illinois to maintain a $100,000 surety bond as mandated by Public Act 85-1384. It specifies that the bond must be maintained continuously while the organization charges for services and for two years after ceasing operations. The bond serves to protect individuals from damages caused by violations of the Credit Services Organizations Act, allowing them to seek legal recourse against both the principal and surety.

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Click ‘Get Form’ to open the Illinois Services Surety Bond in the editor.
Begin by entering the Bond Number, Premium, and Term in the designated fields at the top of the form.
In the 'Name of Principal' section, input the full legal name of your credit services organization.
Fill in the 'Name of Business' field with your business's operating name.
Provide your complete address, including Street Address, City, State, and ZIP Code.
Next, enter the 'Name of Surety', which is the corporation providing the surety bond.
Ensure that an authorized officer of your business signs and dates the form in the appropriate sections.
Finally, review all entries for accuracy before submitting your completed form to the Secretary of State's office.

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