Cost: $100 ( 1 Year )
If you are engaged as in the operation of a Credit Services Organization in the State of Minnesota, you are required by the Department of Commerce to execute a Minnesota Credit Services Organization Bond in the amount of $10,000 to ensure compliance with Section 332.52 to 332.58 of the Minnesota Statutes.
Bonds Express offers a Minnesota Credit Services Organization Bond with a 100% approval rate.
This bond expires every year on 6/30.
Please note we will need your NMLS number in order to have this bond electronically filed.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Credit Services Organization Bond holds you accountable for your business decisions.
By possessing a Minnesota Credit Services Organization Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.