Nebraska Credit Services Organization Bond Guide
If you’re registering a credit services organization (CSO) in Nebraska, you’ll likely need this surety bond.
Bond Overview
- Purpose: To protect CSO customers
- Who Needs It: Credit services organizations in Nebraska
- Regulating Body: The Nebraska Secretary of State
- Required Coverage: $100,000
- Premium Rate: $1,000—$10,000 based on credit
Learn all about the bond requirements and process in this guide.
What Is a Nebraska Credit Services Organization Bond?
A Nebraska credit services organization bond ensures that CSOs operate ethically and legally. It protects customers if a CSO mishandles funds or acts fraudulently.
How Much Do Credit Services Organization Bonds Cost?
Nebraska credit services organization bonds cost a small percentage of the $100,000 coverage amount, typically $1,000—$10,000.
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 Credit Services Organization Bond?
The Nebraska Secretary of State requires this bond as part of the registration process for all credit services organizations.
A CSO is a company that improves a customer’s credit record, gets an extension of credit, or provides advice to a customer.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Nebraska credit services organization 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 mail you the bond via your preferred shipping method. Be sure to file it with the Secretary of State as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Nebraska Credit Services Organization Bond Work?
A credit services organization bond creates a legal contract between these three parties:
- Principal: You, the CSO filing the bond
- Obligee: The Nebraska Secretary of State requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of NE Code § 45-804.
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 credit services organization bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.
