Minnesota 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. Any credit screen is a soft credit pull only — it never affects your score.
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How much does a Minnesota credit services organization bond cost?
$150 at the $10,000 amount, the same for every applicant.
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 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
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 $10,000 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 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 sets the price
The premium is fixed at $150 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Minnesota bonds.
The same bond in nearby states.
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Price and requirements checked on the carrier’s application, . Page updated .
Credit services bond, issued today.
$150 flat, issued the moment you pay, soft pull only. Free until issued.