Any credit services organization that charges or receives money or other valuable consideration before completing performance of all services the organization has agreed to perform for the buyer. Required when: Charging or receiving payment before full completion of services. Exemptions: Banks, savings and loan associ…
Overview
What it is.
Any credit services organization that charges or receives money or other valuable consideration before completing performance of all services the organization has agreed to perform for the buyer. Required when: Charging or receiving payment before full completion of services. Exemptions: Banks, savings and loan associ…
Who usually needs it
Any credit services organization that charges or receives money or other valuable consideration before completing performance of all services the organization has agreed to perform for the buyer.
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.
StateDEBond amount$15,000Term lengthContinuousObligeeDelaware Secretary of StateRenewalThe bond must be maintained until 2 years after the date that the credit services organization ceases operations. The registration statement must be updated within 90 days of any change in information.Bond classLicense BondCategoryFinancial ServicesBondCredit Services Organization BondStatutory reference6 Del. C. § 2404JurisdictionState
