Connecticut debt negotiator bonds.
$750 flat.
Connecticut licenses debt negotiators through the Department of Banking, and the license requires a $50,000 surety bond under CGS § 36a-671d. This is the unsecured-debt version of that bond — $750 flat, and the price you see is the checkout price. The bond issues the moment you pay; the application includes a soft credit pull only — it never affects your score.
Trusted by industry leaders
How much does a Connecticut debt negotiator bond cost?
$750 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
The bond side of your Department of Banking license is the easy part. Here's the entire process:
Apply online
Business details, an effective date, and a soft-pull credit consent — a soft inquiry only, so it never affects your score. That is the application.
Pay & e-sign
This bond is checkout-priced at $750 flat, so it issues the moment you pay — no quote round-trip, no waiting on an underwriting queue.
File with the Department of Banking
Your executed bond and power of attorney arrive by email, ready to file with your debt negotiator license application or renewal through NMLS. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Connecticut requires anyone engaged in debt negotiation — negotiating an unsecured debtor's obligations with creditors on the debtor's behalf, for a fee — to hold a license from the Department of Banking. CGS § 36a-671d conditions that license on a surety bond written in an aggregate amount of $50,000 for each licensed location, with your main office covered by the bond itself and branch offices added by addendum.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Connecticut (the obligee), with harmed debtors as the protected parties. A debtor damaged by a licensee's failure to perform a written agreement, wrongful conversion of funds, or conduct that violates the debt negotiation statutes can recover against the bond — and the Banking Commissioner can also proceed on it for penalties, examination costs, and restitution.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay on file for as long as you hold the license, so we track the term and send renewal notices 60 and 30 days out to keep your $50,000 filing continuous.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Department of Banking. Your executed bond and power of attorney arrive by email, ready to file with your debt negotiator license application or renewal through NMLS. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $750 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a soft-pull credit consent that never affects your score.
Start the application →Common questions.
Other Connecticut bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Department of Banking license today.
$750 flat, issued the moment you pay, soft pull only. Free until issued.