HB 549 would require debt adjustment service providers to be licensed and post a surety bond from a bonding or insurance company authorized to do business in the State. The bond would have to be in the amount that the Director of Commerce will determine based on the licensee’s financial condition, experience and risk to consumers, among other factors. The bond could not be less than $10,000 or more than $50,000. The bond would be concurrent with the license term. It would have to be for the exclusive benefit of an individual harmed by the licensee’s failure to comply with the law.