surety bond for the benefit of consumers harmed by a violation of the provisions of this part
Any credit counseling service providing or offering to provide debt management plans or other consumer credit counseling services to Montana consumers. Required when: Required as a condition for obtaining or annually renewing a license to provide debt management services in Montana. Exemptions: Banking institutions, b…
Overview
What it is.
Any credit counseling service providing or offering to provide debt management plans or other consumer credit counseling services to Montana consumers. Required when: Required as a condition for obtaining or annually renewing a license to provide debt management services in Montana. Exemptions: Banking institutions, b…
Who usually needs it
Any credit counseling service providing or offering to provide debt management plans or other consumer credit counseling services to Montana consumers.
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.
StateMTBond amount$50,000Term lengthAnnualObligeeMontana Department of Justice, Office of Consumer ProtectionRenewalLicensees must annually renew their license by submitting a renewal application, paying the required fee, and providing evidence of the maintained surety bond.Bond classLicense BondCategoryFinancial ServicesBondsurety bond for the benefit of consumers harmed by a violation of the provisions of this partStatutory referenceMCA 30-14-2004(2)(d)JurisdictionState
