Credit Report Accuracy 

North Carolina General Statutes > Chapter 66 > Article 30 > § 66-222 - Bond or trust account required

Every credit repair business shall obtain a surety bond issued by a surety company authorized to do business in this State, or shall establish a trust account with a licensed and insured bank or savings institution located in the State of North Carolina. The amount of the bond or trust account shall be ten thousand dollars ($10,000). The bond or trust account shall be in favor of the State of North Carolina. Any person damaged by the credit repair business' breach of contract or of any obligation arising therefrom, or by any violation of this Article, may bring an action against the bond or trust account to recover damages suffered. The aggregate liability of the surety or trustee shall be only for actual damages and in no event shall exceed the amount of the bond or trust account.—

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North Carolina Laws: Credit Report Accuracy

North Carolina General Statutes Chapter 66 > Article 30 - Credit Repair Services Act

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U.S. Code Provisions: Credit Report Accuracy

U.S. Code Title 15 > Chapter 41 > Subchapter I - Consumer Credit Cost Disclosure

U.S. Code Title 15 > Chapter 41 > Subchapter II-A - Credit Repair Organizations

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