Foreclosure Consultant/Credit Services Organization Surety Bond
Credit services organizations and foreclosure consultants Required when: Before doing business in Indiana Exemptions: The Attorney General may waive the bonding requirement and instead accept an irrevocable letter of credit for an equivalent amount ($25,000) issued in favor of the state.
Overview
What it is.
Credit services organizations and foreclosure consultants Required when: Before doing business in Indiana Exemptions: The Attorney General may waive the bonding requirement and instead accept an irrevocable letter of credit for an equivalent amount ($25,000) issued in favor of the state.
Who usually needs it
Credit services organizations and foreclosure consultants
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.
StateINBond amount$25,000Term lengthContinuousObligeeOffice of the Indiana Attorney General, Consumer Protection DivisionRenewalThe bond remains in effect indefinitely until cancelled by the surety. The surety may terminate its liability by giving 30 days' written notice to both the principal and the Office of the Indiana Attorney General.Bond classLicense BondCategoryFinancial ServicesBondForeclosure Consultant/Credit Services Organization Surety BondStatutory referenceIC 24-5-15-8JurisdictionState
