MN credit services organization bonds.
$150 flat.
Minnesota requires a credit services organization — anyone who sells help improving a buyer's credit record, rating, or history — to obtain a $10,000 surety bond under Minn. Stat. § 332.55 before entering into a contract with a buyer. Ours is $150 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft credit pull only — it never affects your score.
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Three steps. One sitting.
The credit services organization bond is one of the simplest filings in surety. Here is the entire process:
Apply online
Business details, 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
This bond is checkout-priced at $150 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File it and disclose it
Your executed bond arrives by email, ready to file and to name in the information statement you give every buyer. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Minnesota regulates credit services organizations at Minn. Stat. §§ 332.52 to 332.60 — businesses that sell, provide, or perform services represented to improve a buyer's credit record, rating, or history, or to obtain an extension of credit. Minn. Stat. § 332.55 requires the organization to obtain a surety bond of $10,000, expiring on June 30 of each year, with the credit services organization as obligor.
The bond must benefit the State of Minnesota and any person who has a cause of action against the obligor arising out of its activities as a credit services organization. Section 332.54 separately requires the information statement you hand every buyer to name the surety company that issued the bond required under § 332.55.
It is not insurance for you — if the surety pays a claim, you repay the surety. Because the statutory bond runs to June 30, the filing has to stay continuously in force through each license year; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
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 Minnesota bonds.
Credit services bond, issued today.
$150 flat, issued the moment you pay, soft pull only. Free until issued.