Any credit services organization that charges or receives money or other valuable consideration prior to full, complete, and satisfactory performance of the services it has agreed to perform for a buyer. Required when: Required before charging or receiving any money or valuable consideration prior to full performance …
Overview
What it is.
Any credit services organization that charges or receives money or other valuable consideration prior to full, complete, and satisfactory performance of the services it has agreed to perform for a buyer. Required when: Required before charging or receiving any money or valuable consideration prior to full performance …
Who usually needs it
Any credit services organization that charges or receives money or other valuable consideration prior to full, complete, and satisfactory performance of the services it has agreed to perform for a 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.
StateMABond amount$10,000Term lengthContinuousObligeeOffice of the Attorney General (Commonwealth of Massachusetts)RenewalThe bond must be maintained until two years after the date on which the credit services organization ceases to operate.Bond classLicense BondCategoryFinancial ServicesBondCredit Services Organization BondStatutory referenceM.G.L. c. 93, § 68BJurisdictionState
