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…
Overview
What it is.
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…
Who usually needs it
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.
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.
StateKSBond amount$25,000Term lengthContinuousObligeeKansas Office of the State Bank CommissionerRenewalLicenses expire annually on April 30. A renewal application and fee must be filed at least 30 days prior to expiration. The bond must be maintained for two years after the date of surrender, revocation, or expiration of…Bond classLicense BondCategoryFinancial ServicesBondCredit Services Organization BondStatutory referenceK.S.A. 50-1119JurisdictionState
