Missouri Debt Adjuster Bond Guide
In Missouri, all debt adjusters must file a surety bond to operate.
Bond Overview
- Purpose: To ensure debt adjusters handle funds properly and operate ethically
- Who Needs It: All debt adjusters in Missouri
- Regulating Body: The Missouri Division of Finance
- Required Coverage: $100,000
- Premium Rate: Credit-based, typically 1–5%
Learn all about the bond requirements and process in this guide.
What Is a Missouri Debt Adjuster Bond?
A Missouri debt adjuster bond protects clients if a debt adjuster mishandles funds, fails to uphold contracts, or acts fraudulently.
The Division of Finance requires a $100,000 surety bond for all debt adjusters in Missouri. This creates financial security in the event of misconduct.
How Much Do Debt Adjuster Bonds Cost?
Missouri debt adjuster bonds cost a small percentage of the $100,000 coverage amount, typically 1–5%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Debt Adjuster Bond?
Although there is no statewide licensing requirement in Missouri, all debt adjusters need to file this surety bond to operate.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Missouri debt adjuster bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the Division of Finance as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Missouri Debt Adjuster Bond Work?
A debt adjuster bond creates a legal contract between these three parties:
- Principal: You, the debt adjuster filing the bond
- Obligee: The Missouri Division of Finance requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Missouri Revised Statutes Chapter 425.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your debt adjuster bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
