MD debt management bonds.
1% of the bond amount.
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 and the trust funds you handle. The premium is 1% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Apply to filed in 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 entire application — any credit screen is a soft pull that never shows as a hard inquiry.
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
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.
Finish your debt management license today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.