Maryland debt management bonds.
From $100.
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Maryland's Debt Management Services Act requires a licensed provider to file a surety bond under Md. Code, Fin. Inst. § 12-914, in an amount the Commissioner of Financial Regulation sets between $10,000 and $1,000,000, weighed against your consumer volume. The premium is 1% of the bond amount, $100 minimum.
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How much does a Maryland debt management bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote queue — enter your amount, pay, and upload the bond to NMLS. Here is the whole thing:
Apply online
Business details, the bond amount the Commissioner set, an effective date, and a term. That is the application. No credit check up to $100,000.
Pay & e-sign
The premium is 1% of the bond amount ($100 minimum), computed on the spot — the bond issues the moment you pay, with your executed bond and power of attorney generated instantly.
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 regulates debt management services — plans where a provider receives a consumer's funds and distributes them to creditors — under Fin. Inst. Title 12. Section 12-914 requires each license applicant to file a surety bond with the application, in an amount the Commissioner of Financial Regulation sets between $10,000 and $1,000,000 after weighing your business volume, financial condition, and the potential harm to consumers.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commissioner as obligee, for the benefit of the State and any consumer injured by a violation — including the handling of the trust account your clients' payments flow through. The Commissioner can even waive the bond where volume doesn't warrant it, but for an active provider the bond is a standing condition of the license.
It is not insurance for you — if the surety pays a claim, you repay the surety. The surety's liability is continuous and runs for three years after the bond is cancelled or the license ends; 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. 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 1% 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.
Submit the application with the bond amount the Commissioner set — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Maryland bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your debt management license today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.