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The Florida Credit Services Organization Bond is required by the State of Florida, Department of Banking and Finance.  The bond is commonly referred to as a credit repair company bond. According to Florida Statute Title XLVI, Chapter 817.7001, a Credit Services Organization is any person who sells, provides, or performs 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 either of the services above

The bond allows an organization to receive money before full and complete performance of the services. The money obtained must be deposited in a trust account until the full completion of services. Furthermore, the bond protects the buyer from any wrongdoing by the Credit Service Organization.

The required amount for the Surety Bond is $10,000.

The bond has a a statutory limit of $10,000 and may be cancelled by the Surety with thirty days notice to the principal and the State of Florida Department of Banking and Finance.

Where can I get a Florida Credit Services Organization Bond?

At surety1, we make it easy to get your bond. Simply complete our easy to use online application and usually within 1 business day, one of our surety bond professionals will contact you with a firm quote, including all fees.  It is free to apply. Then, you will need to complete some paperwork, make payment and your surety bond will be mailed to you via traceable mail. Overnight delivery is also available.  Surety1, an AssuredPartners agency is licensed in all 50 states and is rated A+ by the Better Business Bureau. Surety1 has been writing surety bonds nationwide since 2003. AssuredPartners is one of the fastest growing independent insurance agencies in the United States.

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