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Instructions for Completing the Trustee's Bond Vermont Form

Instructions for Completing the Trustee's Bond Vermont Form

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[Music] in this video we explain what vermont debt adjuster bonds are and how insurance agents can efficiently obtain them for their customers a debt adjuster bond is a government required surety bond that protects the public from financial harm if the debt adjuster violates the bond provisions the limit on the vermont debt adjuster bond is determined on a case-by-case basis however the bond must be a minimum of fifty thousand dollars the bond is required for all debt adjusters operating in the state and is regulated by the vermont department of financial regulation debt adjusters are required to purchase this bond as a prerequisite to obtaining a business license the bond costs between 1.5 to 5 of the bond amount per year based on factors such as the applicant's credit score and years of business experience to avoid claims made against their bond debt adjusters must ensure that they do not engage in any acts of fraud and that they do not breach any contracts made with consumer

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