Delaware Credit Services Organization Bond

The Delaware Credit Services Organization Bond is a type of surety bond, required by the Delaware Secretary of State.  According to Delaware Code Title 6, Subtitle II, Chapter 24, a Credit Services Organization is a person who provides any of the following services in exchange for payment:

• Improving a buyer’s credit record, history, or rating
• Obtaining an extension of credit for a buyer
• Providing advice or assistance to a buyer with regard to the above items

The Delaware Credit Services Organization Bond allows an Organization to receive payment for services prior to their full completion. According to Delaware Code Title 6, Subtitle II, Chapter 24, the bond is in the favor of the State of Delaware for the benefit of any person damaged by violation of the Code.

The required amount for the Delaware Credit Services Organization Bond is $15,000.

APPLY for your Delaware Credit Services Organization Bond today!

Registration Requirements

In addition to the surety bond, a Credit Services Organization must file a registration statement with the Secretary of State before beginning business. According to Delaware Code Title 6, Subtitle II, Chapter 24, the registration statement must include:

• The name and address of the credit services organization
• The name and address of any person who directly or indirectly owns or controls 10% or more of the outstanding shares of stock

Furthermore, the registration statement must also contain either:

• A full and complete disclosure of any litigation or unresolved complaint filed with a governmental authority
• A notarized statement that there has been no litigation or unresolved complaint
• The name and address of the credit services organization’s agent in the State authorized to receive service of process.

The bond should be maintained 2 years after the date that the credit services organization ceases operation.

Where can I get a Delaware Credit Services Organization Bond?

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Delaware Credit Services Organization Bond will be shipped to the bond principal (applicant) for the required original signature.
^{1-The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the registration.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003 and is rated A+ by the Better Business Bureau.

Visit our State  Guide of Bond Requirements for Credit Services / Credit Repair Businesses