Credit Services Organizations (CSOs) that charge or receive consideration from a consumer before completely performing all services. Required when: Charging or receiving consideration from a consumer before completely performing all services. Exemptions: Regulated financial institutions (banks, savings associations, c…
Overview
What it is.
Credit Services Organizations (CSOs) that charge or receive consideration from a consumer before completely performing all services. Required when: Charging or receiving consideration from a consumer before completely performing all services. Exemptions: Regulated financial institutions (banks, savings associations, c…
Who usually needs it
Credit Services Organizations (CSOs) that charge or receive consideration from a consumer before completely performing all 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.
StateTXBond amount$10,000Term lengthContinuousObligeeTexas Secretary of StateRenewalThe bond is continuous until cancelled by the surety with 60 days' written notice to the Secretary of State. The CSO registration itself must be renewed annually with a $100 fee.Bond classLicense BondCategoryFinancial ServicesBondCredit Services Organization Surety BondStatutory referenceTexas Finance Code §§ 393.302, 393.401-393.403JurisdictionState
