Debt-Management Services Provider License Surety Bond
Any person or entity that, for compensation, offers or provides the planning and management of the financial affairs of a debtor and the receipt of money from the debtor for distribution to a creditor in payment of the debtor's obligation. Required when: Applying for registration as a debt-management services provider…
Overview
What it is.
Any person or entity that, for compensation, offers or provides the planning and management of the financial affairs of a debtor and the receipt of money from the debtor for distribution to a creditor in payment of the debtor's obligation. Required when: Applying for registration as a debt-management services provider…
Who usually needs it
Any person or entity that, for compensation, offers or provides the planning and management of the financial affairs of a debtor and the receipt of money from the debtor for distribution to a creditor in payment of the debtor's obligation.
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.
StateTNBond amount$50,000Term lengthContinuousObligeeTennessee Department of Commerce and Insurance, Division of Regulatory BoardsRenewalRegistration must be renewed annually. The bond must be maintained in effect during the period of registration and for two years after the provider ceases providing services to individuals in the state.Bond classLicense BondCategoryFinancial ServicesBondDebt-Management Services Provider License Surety BondStatutory referenceTenn. Code Ann. § 47-18-5513JurisdictionState
