Any person acting as a debt adjuster in Missouri, which includes renegotiating, settling, or altering the terms of payment of any debts of a debtor for consideration. Required when: Prior to entering the business of debt adjusting in the state of Missouri. Exemptions: Any individual or organization administering a deb…
Overview
What it is.
Any person acting as a debt adjuster in Missouri, which includes renegotiating, settling, or altering the terms of payment of any debts of a debtor for consideration. Required when: Prior to entering the business of debt adjusting in the state of Missouri. Exemptions: Any individual or organization administering a deb…
Who usually needs it
Any person acting as a debt adjuster in Missouri, which includes renegotiating, settling, or altering the terms of payment of any debts of a debtor for consideration.
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.
StateMOBond amount$50,000 if the applicant declares that the operation will handle no consumer mo…Term lengthContinuousObligeeMissouri Division of FinanceRenewalThe bond is deemed automatically renewed on an annual basis unless the surety provides a 60-day written notice of cancellation to the obligor and the Commissioner of Finance.Bond classLicense BondCategoryFinancial ServicesBondSurety bond for debt adjustersStatutory referenceSection 425.027, RSMoJurisdictionState
