Credit services organizations that charge or receive money or other valuable consideration prior to full and complete performance of the services. Required when: Charging or receiving money or other valuable consideration prior to full and complete performance of services. Exemptions: Banks, savings banks, Federal sav…
Overview
What it is.
Credit services organizations that charge or receive money or other valuable consideration prior to full and complete performance of the services. Required when: Charging or receiving money or other valuable consideration prior to full and complete performance of services. Exemptions: Banks, savings banks, Federal sav…
Who usually needs it
Credit services organizations that charge or receive money or other valuable consideration prior to full and complete performance of the 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.
StatePABond amount5% of the total amount of the fees charged buyers by the credit services organi…Term lengthContinuousObligeePennsylvania Department of State, Bureau of Corporations and Charitable OrganizationsRenewalThe bond amount must be adjusted once a year, no later than the tenth day of the first month of the credit services organization's fiscal year.Bond classLicense BondCategoryReal EstateBondCredit Services Organization BondStatutory reference73 P.S. § 2187JurisdictionState
