Any person who sells, provides, or performs services to improve a buyer's credit record, history, or rating, or to obtain an extension of credit for a buyer. Required when: Required as a prerequisite for obtaining a Credit Services Organization license. Exemptions: Non-profit organizations (501(c)(3)), regulated finan…
Overview
What it is.
Any person who sells, provides, or performs services to improve a buyer's credit record, history, or rating, or to obtain an extension of credit for a buyer. Required when: Required as a prerequisite for obtaining a Credit Services Organization license. Exemptions: Non-profit organizations (501(c)(3)), regulated finan…
Who usually needs it
Any person who sells, provides, or performs services to improve a buyer's credit record, history, or rating, or to obtain an extension of credit 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.
StateOKBond amount$10,000Term lengthContinuousObligeeOklahoma Department of Consumer CreditRenewalThe license is valid for one year and must be renewed annually by January 1st. The surety bond is continuous but may be cancelled by the surety with 30 days' written notice to the Administrator.Bond classLicense BondCategoryFinancial ServicesBondCredit Services Organization BondStatutory reference24 O.S. § 133JurisdictionState
