Connecticut non-profit debt adjuster bonds.
From $600.
Connecticut licenses debt adjusters through the Department of Banking, and CGS § 36a-664 requires a surety bond of $40,000 or twice the average daily balance of Connecticut debtor payments you hold, whichever is greater. The premium is 1.5% of the bond amount.
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How much does a Connecticut non-profit debt adjuster bond cost?
1.5% of the bond amount, from $600 at the $40,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The bond side of your Department of Banking license is the easy part. Here's the entire process:
Apply online
No credit check up to $100,000. That is the application.
Pay & e-sign
The premium is 1.5% of the bond amount you entered, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Your executed bond arrives by email, ready to file with your debt adjuster license through NMLS to the Department of Banking. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Connecticut requires anyone engaged in debt adjustment — receiving money from a debtor for distribution to the debtor's creditors under a debt-management plan — to hold a license from the Department of Banking. CGS § 36a-664 conditions the license on a surety bond in a principal amount that is the greater of $40,000 or twice the average daily balance of payments received from Connecticut debtors during the preceding twelve months.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Connecticut (the obligee), with the debtors whose money you hold as the protected parties. The bond stands behind your faithful handling of the funds moving through your trust accounts — the core risk the statute is written around.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond form itself must be approved by the Attorney General, and the bond has to stay on file for as long as you hold the license; we track the term and send renewal notices 60 and 30 days out.
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 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.
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 through NMLS. Your executed bond arrives by email, ready to file with your debt adjuster license through NMLS to the Department of Banking. Wet-ink original mailed on request.
What sets the price
The premium is 1.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. Above that, the carrier may run a soft pull, which 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. No credit check up to $100,000.
Start the application →Common questions.
Other Connecticut bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your debt adjuster license today.
1.5% of the bond amount, issued the moment you pay. Free until issued.