§ 13-21-104. Surety bond or certificate of deposit -- Not required of agent if obtained by organization.

(1) If a credit services organization obtains a surety bond or certificate of deposit as described in Subsection 13-21-102(1), a salesperson, agent, or representative who sells the services of that organization is not required to post a separate surety bond or certificate of deposit. (2) For purposes of this section, a person is a salesperson, agent, or representative of a credit services organization if: (a) the person does business under the same name as the credit services organization; or (b) the credit services organization and the issuer of the surety bond or certificate of deposit certify in writing that the surety bond or certificate of deposit covers the person.