How much does a $10,000 credit services provider bond cost in Texas?
The Texas Secretary of State requires credit services providers to obtain a surety bond. For those who qualify, these bonds can be issued for as low as $100.
Your exact premium is based on personal credentials and determined by our network of underwriters. Regardless, the price you’ll pay is a small percentage of the required bond amount.
Ready to get started? Apply for your free bond quote now!
|Bond Type||Bond Amount||Cost*|
|$10,000 Credit Services Organization Bond||$10,000||Starts at $100||GET A QUOTE|
If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-358 or fill out our online bond request form. We can provide your free bond quote within 1 business day of submitting your application!
Why do I need this bond?
By posting a credit services organization bond in Texas, principals (credit services organizations) pledge to perform all obligations duties and responsibilities under chapter 393, Finance Code.
If the principal conducts unlawful business, the bond protects harmed parties from financial loss up to the full amount of the bond.
Purchasing the Texas surety bond you need is fast and easy when you work with the experts at SuretyBonds.com. Get started now!
What’s the fine print?
Credit services organization bonds in Texas are continuous until canceled. To cancel the bond, the surety must give the secretary of state written notice of cancellation at least 60 days prior to the effective cancellation date.
The address of the principal (credit services organization) must be listed on the surety bond form.
How to become a credit services organization in Texas
To become registered as a credit services organization in Texas, applicants must submit the following to the secretary of state:
- completed registration application
- proof of security or a statement explaining why proof of security is not required
- registration fee
Each registration is effective for one year and can be renewed.
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