MI debt management bonds.
From $100. Enter your amount.

A licensed Michigan debt management business must furnish a surety bond under MCL 451.415 for the benefit of the people of the state — sized to equal or exceed the Michigan clients’ funds in your trust account, never less than $25,000 and never more than $100,000. The premium is 1.5% 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.

✓

Required for a Michigan debt management license under MCL 451.415

✓

Amount sized to your client trust account — $25,000 floor, $100,000 cap

✓

1.5% of the bond amount, $100 minimum — exact price at the application

1.5% rate$100 minimumExactprice at the applicationSoft pullnever a hard inquiry

Trusted by industry leaders

How it works

Apply to filed in one sitting.

No quote round-trip — enter your amount, pay, and the executed bond goes out the same day. Here is the whole thing:

NOW · ONLINE

Apply online

Your business details, the bond amount your license requires, and an effective date — that is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

The premium is 1.5% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

File with DIFS

Your executed bond arrives by email, ready to file with your Michigan debt management license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Michigan licenses debt management businesses under the Debt Management Act, 1975 PA 148. At application and each renewal, MCL 451.415 requires the licensee to furnish a surety bond, approved by the director, for the benefit of the people of the state of Michigan.

The amount must equal or exceed the total Michigan clients’ funds in your trust account at the time of application or renewal, as determined by the department — but never less than $25,000 and never more than $100,000. The bond is conditioned on the faithful accounting of all money collected on accounts entrusted to the licensee, its employees, and agents.

It is not insurance for you — if the surety pays a claim, you repay the surety. Debt management licenses expire December 31 each year, so the bond has to stay continuously on file; we track the term and send renewal notices 60 and 30 days out.

MCL 451.415(2)(c)Section 5 of the Debt Management Act requires an applicant, at filing, to furnish a surety bond approved by the director for the benefit of the people of the state of Michigan — in an amount that equals or exceeds the total Michigan clients’ funds in the trust account at application or renewal, not less than $25,000.00 nor greater than $100,000.00, conditioned on the faithful accounting of all money collected on accounts entrusted to the licensee.

You need this bond if you're

✓

Applying for a Michigan debt management license — the bond files with your application

✓

Renewing before December 31 — licenses expire at year end and the bond must stay on file

✓

Holding Michigan client funds in trust — the bond is sized to that balance

✓

Reinstating a license whose bond lapsed

One application, issued instantly.

Submit the application with the bond amount your license requires — the executed bond is generated the moment you pay, ready to file.

Start the application →

FAQ

Common questions.

How much is the Michigan debt management bond?The premium is 1.5% of the bond amount, $100 minimum. The bond amount is sized to your Michigan client trust funds under MCL 451.415 — at least $25,000 and at most $100,000 — so your exact price appears at the application, before you pay.

Which bond amount do I enter?The figure the department set for your license — it must equal or exceed the Michigan clients’ funds in your trust account at application or renewal, within the $25,000–$100,000 statutory range. New licensees typically start at $25,000.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 1.5% of the bond amount either way.

How fast will I have the bond?This bond is checkout-priced, so it issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to file with DIFS.

When does the license renew?Michigan debt management licenses expire December 31 of the year issued, and the bond amount is re-checked against your trust balance at each renewal. We send renewal notices 60 and 30 days out.

Related bonds

Other Michigan bonds.

Debt management bond, issued today.

1.5% of the bond amount, $100 minimum, with your exact price at the application. Enter your required amount and file the same day.

Start application

Your premiumfrom $100

Apply now →