All credit repair services organizations operating in Louisiana that provide services to improve a buyer's credit record, history, or rating for consideration. Required when: Required before executing a contract or agreement with a buyer or receiving any money or other valuable consideration. Exemptions: Banks, saving…
Overview
What it is.
All credit repair services organizations operating in Louisiana that provide services to improve a buyer's credit record, history, or rating for consideration. Required when: Required before executing a contract or agreement with a buyer or receiving any money or other valuable consideration. Exemptions: Banks, saving…
Who usually needs it
All credit repair services organizations operating in Louisiana that provide services to improve a buyer's credit record, history, or rating for consideration.
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.
StateLABond amount$100,000Term lengthContinuousObligeeLouisiana Attorney GeneralRenewalThe bond remains in effect continuously until canceled. The principal must pay an annual premium to the surety company to maintain the bond. A 60-day written notice to the Attorney General is required for cancellation b…Bond classLicense BondCategoryProfessional ServicesBondCredit Repair Services Organization BondStatutory referenceLSA-R.S. 9:3573.4JurisdictionState
