Texas Consumer Debt Management Bond

The Texas Consumer Debt Management Bond is required by the Office of Consumer Credit Commissioner for all who offer a service in which a provider obtains or seeks to obtain a concession from one or more creditors on behalf of a consumer. The Texas Consumer Debt Management Bond states that the bond holder will fully comply at all times with all obligations in accordance with the Texas Finance Code or any regulations, rules, and orders that pertain to it. The Office of Consumer Credit Commissioner requires this surety bond to protect of the state and people of the state. It covers any damages and penalties to consumers directly harmed as a result of the consumer debt management’s actions.

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The amount must equal to the average daily balance of the provider’s trust account serving Texas consumers over the six-month period preceding the issuance of the bond. For initial application, the amount cannot be less than $25,000 or more than $100,000. For those who does not receive and hold money paid or on behalf of a consumer for disbursement to the creditors, the amount of the bond is $50,000.

Additional Requirements

• Completed application form
• Completed application questionnaire
• Provide a list of all locations
• Disclosure of Owners and Principal Parties
• Statutory Agent Disclosure

How do I obtain Texas Consumer Debt Management 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 Surety Bond will be shipped to the bond applicant.
^{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.