Credit services organizations that charge or receive money prior to full and complete performance of services. Required when: Charging or receiving any money or other valuable consideration prior to full and complete performance of the services the credit service organization has agreed to perform for the buyer. Exemp…
Overview
What it is.
Credit services organizations that charge or receive money prior to full and complete performance of services. Required when: Charging or receiving any money or other valuable consideration prior to full and complete performance of the services the credit service organization has agreed to perform for the buyer. Exemp…
Who usually needs it
Credit services organizations that charge or receive money prior to full and complete performance of 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.
StateFLBond amount$10,000Term lengthContinuousObligeeFlorida Office of Financial RegulationRenewalThe bond remains in effect until cancelled; however, the principal must pay annual premiums to the surety company to maintain the bond.Bond classLicense BondCategoryFinancial ServicesBondCredit Services Organization BondStatutory referenceFlorida Statutes Section 817.7005JurisdictionState
