Debt-settlement providers Required when: At the time of making the application for a debt-settlement provider license. Exemptions: Public corporations,Government or governmental subdivisions, agencies, or instrumentalities,Attorneys-at-law in this state if the debt-settlement service is incidental to the practice of l…
Overview
What it is.
Debt-settlement providers Required when: At the time of making the application for a debt-settlement provider license. Exemptions: Public corporations,Government or governmental subdivisions, agencies, or instrumentalities,Attorneys-at-law in this state if the debt-settlement service is incidental to the practice of l…
Who usually needs it
Debt-settlement providers
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.
StateNDBond amount$50,000Term lengthContinuousObligeeNorth Dakota Department of Financial InstitutionsRenewalThe license expires annually on December 31st and must be renewed by January 1st. The surety bond must be maintained in effect continuously to keep the license active.Bond classLicense BondCategoryFinancial ServicesBondSurety Bond for Debt Settlement ProvidersStatutory referenceN.D. Cent. Code § 13-11-04JurisdictionState
