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The Nevada Credit Services Bond, also known as the Uniform Debt-Management Services Bond  is required by the Nevada Financial Institutions Division (FID) for those who will register as a Nevada Uniform Debt-Management Services Provider. The license and bond are managed through the Nationwide Mortgage Licensing System (NMLS). The Uniform Debt-Management Services Providers (DMSP) license authorizes the following activities:

• Debt Management/Credit Counseling
• Debt Negotiation
• Debt Settlement/Debt Adjuster

A DMSP is a business that provides financial counseling and debt management services to consumers. These services can include helping consumers create a budget, negotiate with creditors, and develop a plan to repay their debts. The bond amount is $50,000.

How to Get a Nevada Credit Services Bond

At Surety1.com we make it easy to obtain a Uniform Debt-Management Services 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 Nevada Credit Services Bond will uploaded by Surety1.com to the NMLS.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.}
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.

The cost of the Uniform Debt-Management Services Bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

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

License Requirements for Uniform Debt-Management Services Providers

In addition to obtaining a Uniform Debt-Management Services Bond, you also be required to prepare the following documents for the initial registration.

• Application;
• Initial Application Fee of $2,000 and Initial Registration Fee of $1,000.
• For each Director, Officer, person with at least 10% ownership, every member of a firm or partnership, or any person authorized to initiate transactions to the trust account;
• Personal History
• Complete set (3) of fingerprints (FB-258)
• Evidence of Insurance, $250,000, maximum deductible of $5,000.00, and evidence of Insurer’s rating;
• Nevada State Business License;
• Certificate of Accreditation from an approved provider;
• Certificates of Certification for all Credit Counselors and Debt Specialists from an approved provider;
• List of Credit Counselors and Debt Specialist with dates of hire;
• Disclosure of all Affiliates of the Applicant, as defined by NRS 676A;
• Copies of all Registration and License Verification Forms;
• A copy of appropriate municipal (city/county) business license; Financial Statements, copies of the Applicant’s for the prior two years, audited by an accountant licensed to conduct audits and the auditor’s contact information
• If Applicant will not provide debt-management services from an office in Nevada, provide a statement to that effect;
• Description of the three most commonly used educational programs that the Applicant provides, or intends to provide, to consumers in Nevada and a copy of any materials used in those program;
• Description, including form(s) or electronic model(s), of the Applicant’s financial analysis and initial plan used to evaluate the financial condition of consumers;
• All agreements to be used with Nevada consumers;
• Schedule of all fees and charges to be used with Nevada consumers.

Visit the NMLS License Checklist for more information.