Credit Services Organization Bond

Arizona Credit Services Organization Bond

Corporation Commission CSO bond under A.R.S. § 44-1708

Arizona credit services organizations required to bond under A.R.S. § 44-1703 must file a surety bond with the Corporation Commission sized under § 44-1708.

Overview

What Is a Arizona Credit Services Organization Bond?

An Arizona CSO bond protects buyers damaged by credit services organization violations under Title 44.

Key Provisions
  • Guarantees compliance with A.R.S. § 44-1708
  • Protects the obligee named on the Arizona bond form
  • Remains subject to the penal sum and bond conditions
Surety Obligation Overview

What Does This Bond Guarantee?

The surety bond guarantees that the principal will perform the duties required under A.R.S. § 44-1708 up to the penal sum.

Principal
The party required to obtain the bond and perform the underlying obligation.
Obligee
State of Arizona for the benefit of damaged persons
Surety
The company issuing the bond and guaranteeing the obligation to the obligee.

When a claim may arise

A claim may arise if the principal fails to comply with the bonded Arizona obligation or causes covered loss to the obligee or protected parties.

If a claim is valid

If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.

Scope of the Obligation
  • Comply with A.R.S. § 44-1708
  • Satisfy State of Arizona for the benefit of damaged persons filing conditions
  • Maintain the bond for the required term
Bond terms

Bond summary

Amount, premium, term, and the authority that requires this filing.

Eligibility

Who Needs This Bond?

Credit repair and related credit services organizations that must bond under Arizona's CSO article need this filing.

Who Is Required to File
  • Applicants required by Arizona Corporation Commission
  • Arizona businesses renewing or expanding licensed activity
  • Out-of-state firms filing into Arizona markets
Requirements

What You Need to Apply

Size the bond to 5% of prior-year buyer fees, not less than $5,000 and not more than $25,000, and file a copy with the Corporation Commission.

Required Documentation
  1. Legal entity name matching the license or filing
  2. Bond amount: 5% of prior 12-month buyer fees, minimum $5,000, maximum $25,000
  3. Arizona obligee form or statute citation
  4. Owner or officer identification for underwriting
Filing

How this filing works

  1. 01

    Confirm the Arizona requirement

    Share your license type, court order, or obligee form and the exact penal sum required by Arizona Corporation Commission.

  2. 02

    Underwrite and price

    We review credit and filing details, then quote premium options through licensed surety markets.

  3. 03

    Issue and file

    Once approved, we issue the bond for delivery to State of Arizona for the benefit of damaged persons or for your Arizona filing package.

FAQ

Frequently Asked Questions

What is the required amount for an Arizona credit services organization bond?

The amount is 5% of prior 12-month buyer fees, minimum $5,000, maximum $25,000, as set under A.R.S. § 44-1708 and confirmed with Arizona Corporation Commission.

Who is the obligee on an Arizona credit services organization bond?

The obligee is typically State of Arizona for the benefit of damaged persons. Always match the exact name on the Arizona form.

How long does it take to get the bond?

Many Arizona filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.

Does bad credit prevent approval?

Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.

How do I renew the bond?

Most bonds renew on the term shown (1 Year). Keep continuity so your Arizona license or filing does not lapse.

Authority Resources

Arizona Corporation Commission

azcc.gov

Next step

Ready to file this bond?

We’ll match the requirement and route the application.

Apply for this bond

Or call (877) 477-7578