Any person or entity providing debt management services to consumers in Texas, including credit counseling and debt negotiation services. Required when: Registration with the Office of Consumer Credit Commissioner (OCCC) to provide debt management services. Exemptions: Attorneys licensed in Texas (unless holding thems…
Overview
What it is.
Any person or entity providing debt management services to consumers in Texas, including credit counseling and debt negotiation services. Required when: Registration with the Office of Consumer Credit Commissioner (OCCC) to provide debt management services. Exemptions: Attorneys licensed in Texas (unless holding thems…
Who usually needs it
Any person or entity providing debt management services to consumers in Texas, including credit counseling and debt negotiation services.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateTXBond amountThe bond amount is equal to the average daily balance of the provider's trust a…Term lengthContinuousObligeeTexas Office of Consumer Credit CommissionerRenewalThe bond remains in effect for the duration of the registration period and automatically renews for each succeeding registration period unless the surety provides at least 30 days' written notice of non-renewal to the C…Bond classLicense BondCategoryFinancial ServicesBondConsumer Debt Management Services BondStatutory referenceTexas Finance Code § 394.206JurisdictionState
