Any person operating as a debt counselor, credit counselor, or credit repair organization in Idaho. Required when: Upon approval of the application and prior to the issuance of a license. Exemptions: Exemptions include licensed attorneys (if incidental to practice), regulated lenders, banks, trust companies, credit un…
Overview
What it is.
Any person operating as a debt counselor, credit counselor, or credit repair organization in Idaho. Required when: Upon approval of the application and prior to the issuance of a license. Exemptions: Exemptions include licensed attorneys (if incidental to practice), regulated lenders, banks, trust companies, credit un…
Who usually needs it
Any person operating as a debt counselor, credit counselor, or credit repair organization in Idaho.
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.
StateIDBond amount$15,000Term lengthContinuousObligeeIdaho Department of Finance, Consumer Finance BureauRenewalLicensees must file an annual report of activity and a surety bond calculation form prior to March 15 of each year. The bond amount may be adjusted based on the calculation of funds held during the preceding year.Bond classLicense BondCategoryReal EstateBondDEBT COUNSELORS, CREDIT COUNSELORS, CREDIT REPAIR ORGANIZATIONS — BONDSStatutory referenceIdaho Code § 26-2232AJurisdictionState
