Mississippi debt management bonds.
$775 flat.
To be eligible for a license under the Mississippi Debt Management Services Act, an applicant must file with the commissioner a bond with good security in the penal sum of $50,000, payable to the State of Mississippi. Ours is $775 flat, the price you see is the checkout price. No credit check.
Trusted by industry leaders
How much does a Mississippi debt management bond cost?
$775 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
The bond half of a debt management license is short — and this one ships you a wet-ink original. Here is the entire process:
Apply online
Business details, your county, the mailing address for the original bond, an effective date, and a term. No credit check.
Pay & e-sign
This bond is checkout-priced at $775 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
Sign the original and file it
The original bond is mailed to the address you give us. The principal must sign it before it is filed with the Department of Banking and Consumer Finance.
What it is and who needs it.
What the bond actually guarantees
The Mississippi Debt Management Services Act licenses providers who administer debt management plans for consumers, through the Department of Banking and Consumer Finance. To be eligible for a license, an applicant must file with the commissioner a bond with good security in the penal sum of $50,000, payable to the State of Mississippi — cash, a certificate of deposit, or government bonds of $50,000 may be filed in lieu.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Mississippi (the obligee). The bond stands behind your faithful performance of the duties and obligations of the licensed business and the prompt payment of any judgment recovered against you on account of charges or other claims arising from a violation of the chapter — practically, it backstops consumer payments that were not properly distributed to creditors.
It is not insurance for you — if the surety pays a claim, you repay the surety. Your written agreement with each consumer has to disclose that the bond is on file with the commissioner, and the state can enforce its rights under the bond to collect civil penalties, criminal fines, or investigation costs, so it must stay continuously on file; 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 $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
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
Sign the original and file it. The original bond is mailed to the address you give us. The principal must sign it before it is filed with the Department of Banking and Consumer Finance.
What sets the price
The premium is fixed at $775 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, a mailing address for the original, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Mississippi bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your debt management license today.
$775 flat, issued the moment you pay, no credit check. Free until issued.