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License Bond

Debt Adjuster Bond

Any person or business entity engaged in debt adjusting, which includes budget counseling, debt management, debt modification or settlement, foreclosure assistance, or debt pooling services, and who receives money from a debtor to disburse to creditors. Required when: Engaging in the business of debt adjusting and rec…

Overview

What it is.

Any person or business entity engaged in debt adjusting, which includes budget counseling, debt management, debt modification or settlement, foreclosure assistance, or debt pooling services, and who receives money from a debtor to disburse to creditors. Required when: Engaging in the business of debt adjusting and rec…

Who usually needs it

Any person or business entity engaged in debt adjusting, which includes budget counseling, debt management, debt modification or settlement, foreclosure assistance, or debt pooling services, and who receives money from a debtor to disburse to creditors.

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.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. 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.

Details

Bond details.

StateKY
Bond amount$25,000
Term lengthContinuous
ObligeeOffice of the Kentucky Attorney General, Consumer Protection Division
RenewalRegistration must be renewed annually with the Office of the Attorney General. The renewal requires filing Form DA-1, paying a $250 fee, and submitting an audit checklist (Form DA-2) at least four weeks prior to the exp…
Bond classLicense Bond
CategoryCourt/Judicial
BondDebt Adjuster Bond
Statutory referenceKRS 380.040
JurisdictionState
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Next step

Ready to move forward?

Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.