TITLE 14: COMMERCE
SUBTITLE B: CONSUMER PROTECTION
CHAPTER II: ATTORNEY GENERAL
PART 485 IMMIGRATION SERVICES
SECTION 485.EXHIBIT C VERIFICATION OF SURETY BOND
Section 485.EXHIBIT C Verification of Surety Bond
STATE OF ILLINOIS
OFFICE OF THE ATTORNEY GENERAL
CONSUMER FRAUD BUREAU
100 WEST RANDOLPH - FLOOR 12
CHICAGO, ILLINOIS 60601
VERIFICATION OF SURETY BOND
BY IMMIGRATION SERVICE PROVIDER
NOTE: The Registrant shall not, by completing this form, construe such action as an approval or sanction of the business practices of the Registrant by the State of Illinois or the Office of the Attorney General.
Today's Date: __________________
Bond Number: __________ Bond Amount: $ ________
Expiration Date: _______________________________
KNOW ALL PERSONS BY THESE PRESENTS:
That __________________________________________________, (Name of Principal)
providing immigration services as defined by Section 2AA of the Illinois Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505/2AA] (hereinafter, "the Act"), located at ________________________________________ (address), as principal, and ________________________________________, (Name of Surety) a corporation authorized to transact a general surety business in the State of Illinois, as surety, are held firmly bound unto the People of the State of Illinois in the penal sum of $100,000, for the payment of which, we bind ourselves, our heirs, executors, successors and assigns, jointly and severally, firmly by these presents.
The principal is engaged in the business of providing immigration services within the meaning of the Act and is required to furnish a bond conditioned as herein set forth; and this bond is executed and tendered in accordance therewith.
The conditions of this obligation are that if the principal complies with the provisions of the Act and does not damage any person by any violation of the Act, then this obligation is to be void; otherwise, it is to remain in full force and effect.
The Attorney General or State's Attorney of any County may bring an action against the principal and surety on this bond to recover damages, and the surety shall be obligated for any and all judgments entered against the principal.
The liability of surety for any claim arising under this bond shall not exceed the actual damage arising from principal's violation of the Act.
The aggregate liability of the surety on all claims whatsoever shall not exceed the amount of this bond.
This bond is executed by the surety to comply with the provisions of the Act, and this bond shall be subject to all of the terms and provisions thereof.
IN WITNESS WHEREOF, both the principal and surety, by duly authorized officers or representatives, have hereunto set their seal, and the surety has caused these presents to be signed by its duly authorized officer this _____ day of _____________, ___.
* * *
AN IMMIGRATION SERVICE PROVIDER IS REQUIRED TO CONTINUOUSLY MAINTAIN MALPRACTICE INSURANCE WITH MINIMUM COVERAGE OF $100,000, OR A SURETY BOND IN THE AMOUNT OF $100,000. THE PROVIDER SHALL ALSO MAINTAIN A SURETY BOND FOR A PERIOD OF 2 YEARS FOLLOWING THE DATE ON WHICH IT CEASES OPERATIONS.