Credit Services Organization Bond
Credit Services Organizations (CSOs) that engage in debt management services, including receiving funds for distribution to creditors, improving credit records/ratings, or negotiating to reduce consumer debt obligations for a fee. Required when: Required as a condition of obtaining and maintaining a license to conduct…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: $25,000. Other available requirements: "The statutory base amount is $25,000. However, the commissioner may increase the amount of the bond up to $1,000,000, as further defined by rules and regulations adopted by the commissioner.". Exact options still depend on the obligee, state, and underwriting.
