Any person or business operating as a credit services organization in Utah that charges or receives money or other valuable consideration for services intended to improve a buyer's credit record, history, or rating, or to obtain an extension of credit for a buyer. Required when: Registration with the Division of Consu…
Overview
What it is.
Any person or business operating as a credit services organization in Utah that charges or receives money or other valuable consideration for services intended to improve a buyer's credit record, history, or rating, or to obtain an extension of credit for a buyer. Required when: Registration with the Division of Consu…
Who usually needs it
Any person or business operating as a credit services organization in Utah that charges or receives money or other valuable consideration for services intended 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.
StateUTBond amount$100,000Term lengthContinuousObligeeUtah Department of Commerce, Division of Consumer ProtectionRenewalThe bond must be maintained in force until one year after the credit services organization notifies the division in writing that it has ceased all activities regulated by the Act. Registration must be renewed annually w…Bond classLicense BondCategoryReal EstateBondCredit Services Organization BondStatutory referenceUtah Code § 13-21-3JurisdictionState
