Any person providing debt management services to a consumer in Pennsylvania, defined as receiving funds periodically from a consumer and distributing them to creditors in payment of the consumer's personal debts. Required when: Required as a condition of obtaining and maintaining a license under the Debt Management Se…
Overview
What it is.
Any person providing debt management services to a consumer in Pennsylvania, defined as receiving funds periodically from a consumer and distributing them to creditors in payment of the consumer's personal debts. Required when: Required as a condition of obtaining and maintaining a license under the Debt Management Se…
Who usually needs it
Any person providing debt management services to a consumer in Pennsylvania, defined as receiving funds periodically from a consumer and distributing them to creditors in payment of the consumer's personal debts.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StatePABond amountThe bond must be in an amount greater than the total amount of Pennsylvania con…Term lengthContinuousObligeePennsylvania Department of Banking and SecuritiesRenewalThe bond remains in full force and effect indefinitely, subject to cancellation by the surety with 30 days' written notice. Licensees must submit a Monthly Bond Report Worksheet to the Department to ensure the bond amou…Bond classMiscellaneous CommercialCategoryFinancial ServicesBondDebt Management BondStatutory reference63 P.S. § 2407JurisdictionState
