Any credit services organization that accepts any payment or other valuable consideration before the completion of all services the company has agreed to provide the customer. Required when: Accepting payment or valuable consideration before the full completion of services. Exemptions: Regulated lenders, banks, saving…
Overview
What it is.
Any credit services organization that accepts any payment or other valuable consideration before the completion of all services the company has agreed to provide the customer. Required when: Accepting payment or valuable consideration before the full completion of services. Exemptions: Regulated lenders, banks, saving…
Who usually needs it
Any credit services organization that accepts any payment or other valuable consideration before the completion of all services the company has agreed to provide the customer.
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.
StateWVBond amount$15,000Term lengthContinuousObligeeWest Virginia Secretary of StateRenewalThe bond must be maintained in continuous effect until two years after the date the credit services organization ceases operations.Bond classLicense BondCategoryReal EstateBondCredit Services Organization BondStatutory referenceWest Virginia Code § 46A-6C-4JurisdictionState
