Form DA-3 Debt Adjuster Surety Bond - Kentucky

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What Is Form DA-3?

This is a legal form that was released by the Kentucky Office of the Attorney General - a government authority operating within Kentucky. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DA-3?A: Form DA-3 is the Debt Adjuster Surety Bond form required in the state of Kentucky.

Q: What is a Debt Adjuster Surety Bond?A: A Debt Adjuster Surety Bond is a type of bond required for debt adjuster businesses, which guarantees that they will comply with all applicable laws and regulations.

Q: Who needs to file Form DA-3?A: Debt adjuster businesses operating in Kentucky need to file Form DA-3.

Q: Why is Form DA-3 required?A: Form DA-3 is required to ensure that debt adjuster businesses in Kentucky fulfill their obligations and protect the interests of consumers.

Q: Are there any fees associated with filing Form DA-3?A: Yes, there are fees associated with filing Form DA-3. Please check with the Kentucky Office of the Attorney General for the current fee schedule.

Q: What happens if a debt adjuster fails to file a Bond?A: Failure to file a Debt Adjuster Surety Bond may result in penalties and possible suspension or revocation of the debt adjuster's license.

Q: How much coverage is required for the Debt Adjuster Surety Bond?A: The required coverage for the Debt Adjuster Surety Bond in Kentucky is $25,000.

Q: Can the Debt Adjuster Surety Bond be cancelled?A: Yes, the bond can be cancelled, but a notice of cancellation must be filed with the Kentucky Office of the Attorney General.

Q: Can I use a cash deposit instead of a surety bond?A: No, the use of a surety bond is required. A cash deposit is not accepted as an alternative.

Q: How long is the Bond valid for?A: The Bond is valid for one year from the effective date.

Q: Are there any exemptions to filing the Bond?A: Yes, certain entities such as banks, credit unions, and government agencies may be exempt from filing the Bond. Please check the Kentucky Office of the Attorney General for a complete list of exemptions.

Form Details:

Released on July 1, 2010;
The latest edition provided by the Kentucky Office of the Attorney General;
Easy to use and ready to print;
Quick to customize;
Compatible with most PDF-viewing applications;
Fill out the form in our online filing application.

Download a printable version of Form DA-3 by clicking the link below or browse more documents and templates provided by the Kentucky Office of the Attorney General.