TITLE 14: COMMERCE
SUBTITLE A: REGULATION OF BUSINESS
CHAPTER I: SECRETARY OF STATE
PART 177 CREDIT SERVICES ORGANIZATIONS
SECTION 177.20 REQUIREMENTS FOR FILING
Section 177.20 Requirements for Filing
a) A registration statement. The statement as shown in Illustration A will be supplied by the Index Department and shall be used by the credit services organization.
b) A one hundred dollar ($100.00) filing fee. The fee shall be paid in cash, by money order, certified check or personal check. No registration statement shall be accepted and filed without the payment of the fee.
c) A $100,000.00 surety bond if a credit services organization charges or receives any money or other valuable consideration prior to full and complete performance of the services the credit services organization agrees to perform (Section 5(1) of P.A. 85-1384). The bond shall contain the same terminology as the bond shown in Illustration B. The bond form will be supplied by the Index Department.