Correct.
In the United States, the employment contracts are not enforcable now due to precedents involving judgments of attempting "Indentured Servitude".
Some operators have asked applicants to sign loan agreements with the company acting as guarantor, but the courts hve dismissed many of these in judgement, concluding that they are more of the same.
I can see a day coming very soon where ALL forms of bonding become illegal in the work place.