Any consumer credit service organization that charges or receives money or other valuable consideration prior to completion of services under a contract or agreement. Required when: Charging or receiving money or other valuable consideration prior to the full and complete performance of the services the consumer credi…
Overview
What it is.
Any consumer credit service organization that charges or receives money or other valuable consideration prior to completion of services under a contract or agreement. Required when: Charging or receiving money or other valuable consideration prior to the full and complete performance of the services the consumer credi…
Who usually needs it
Any consumer credit service organization that charges or receives money or other valuable consideration prior to completion of services under a contract or agreement.
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.
StateDCBond amount$25,000Term lengthConcurrent with license periodObligeeDistrict of Columbia Department of Licensing and Consumer ProtectionRenewalThe bond must be maintained for the duration of the registration/license period and is typically renewed biennially in conjunction with the District's Basic Business License renewal process.Bond classLicense BondCategoryFinancial ServicesBondCredit Services Organization BondStatutory referenceD.C. Code § 28-4604JurisdictionState
