Maryland credit services business bonds.
$750 flat.
The Maryland Credit Services Businesses Act requires a credit services business, such as a credit repair company, to obtain a surety bond under Md. Code, Com. Law § 14-1908, issued under the Financial Institutions licensing provisions and filed through NMLS. This bond is written at $50,000, and ours is $750 flat.
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How much does a Maryland credit services business bond cost?
$750 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
The credit services bond is the last gating item on most Maryland CSB license applications. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $750 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Upload the executed bond to your NMLS record for the Maryland Office of Financial Regulation. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maryland's Credit Services Businesses Act, Com. Law Title 14, Subtitle 19, regulates companies paid to improve a consumer's credit record, obtain credit extensions, or advise on either. Section 14-1908 requires every credit services business to obtain a surety bond pursuant to the licensing provisions of the Financial Institutions Article — the same licensing track as Maryland installment lenders, administered by the Commissioner of Financial Regulation through NMLS.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commissioner as obligee, for the benefit of the State and consumers injured by a violation of the Act — the contract, disclosure, and no-advance-fee rules that protect people who pay for credit repair.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay continuously on file for the life of 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 $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 through NMLS. Upload the executed bond to your NMLS record for the Maryland Office of Financial Regulation. 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.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Maryland bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your CSB license today.
$750 flat, issued the moment you pay, no credit check. Free until issued.