Who requires it
Delaware Attorney General — Consumer Protection Unit
License & permit · Delaware
Delaware Debt Management Services Bond
Every licensed debt-management services provider under Delaware’s Chapter 24A must file an original surety bond—issued by a surety authorized in the State—with the Attorney General. Section 2413A sets a floor of $50,000 and lets the Attorney General fix a higher amount after considering the provider’s Delaware business and related risk factors. The bond runs to the State for the Attorney General and for consumers injured by wrongful acts, omissions, default, fraud, or misrepresentation in the licensed activity. Section 2414A allows the Attorney General, at discretion, to accept an irrevocable letter of credit instead of the bond in the same determined amount.
Common bond amount
≥ $50,000
Attorney General–determined face, not less than $50,000 (6 Del. C. § 2413A).
How you file
Surety bond or Attorney General–accepted irrevocable letter of credit
Renewal
Maintain continuously while licensed
Who requires it
Providers licensed to offer debt-management services under 6 Del. C. Chapter 24A, filing with the Attorney General’s Consumer Protection Unit.
How much is required
The statute does not publish a fixed schedule above the fifty-thousand-dollar minimum. The Attorney General sets the amount from the factors listed in §2413A, including the value of the provider’s Delaware business. Confirm the assigned amount on the licensing checklist before the surety issues the bond.
How to get and file it
Apply for the debt-management services license with the Attorney General, obtain the required face (at least $50,000), and have an authorized surety issue the form the Consumer Protection Unit provides—or, with Attorney General consent, arrange a qualifying irrevocable letter of credit. Keep continuous coverage while licensed. Deliver amended originals when the surety or amount changes. Cancellation typically requires advance written notice to the Director of the Consumer Protection Unit; follow the current application regulation for the exact notice period and claim-payment rules.
Cost note
Fifty thousand dollars or any higher assigned amount is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Minimum face
- $50,000
- Higher faces
- Set by the Attorney General from Delaware business and related factors
- Substitute
- Irrevocable letter of credit may be accepted under § 2414A
Official sources
Related resources
Frequently asked questions
Is the Delaware debt-management bond always exactly $50,000?
Fifty thousand dollars is the statutory minimum. The Attorney General may require a larger face after considering the provider’s Delaware volume and other factors listed in §2413A. Use the amount shown on your licensing materials.
How is this different from the CSO bond?
Credit services organizations that take prepayment file a flat $15,000 bond or surety account with the Secretary of State under Chapter 24. Debt-management service providers are licensed under Chapter 24A and post an Attorney General surety of at least $50,000.
Related Delaware bond guides
Credit Services Organization Bond
$15,000
A Delaware credit services organization that wants to charge or receive money before finishing every service promised to a buyer must first obtain a $15,000 surety bond from a surety authorized in Delaware or establish a $15,000 surety account at a federally insured bank or savings and loan located in the State. Section 2404 requires a copy of the bond—or official depository notice of the account—to be filed with the Secretary of State. The coverage runs in favor of the State and of any person damaged by a chapter violation; claims cannot exceed $15,000.
Mortgage Broker / Lender Bond
$25,000 / $50,000–$200,000
Delaware mortgage loan brokers licensed under Title 5 Chapter 21 must file a $25,000 surety bond—or a Commissioner-accepted irrevocable letter of credit—with the Office of the State Bank Commissioner under §2108. Licensed lenders under Chapter 22 instead carry a Commissioner-set bond between $50,000 and $200,000 under §2208. Regulation 2204 translates that statutory range into a prior-year Delaware loan-volume table stepping from $50,000 through $200,000, and the Commissioner may demand a larger amount based on individual circumstances. A qualifying company bond may cover mortgage loan originators who are employees or exclusive agents when Chapter 24 and Regulation 2401 coverage rules are satisfied; an irrevocable letter of credit may not be used to cover originators.
Money Transmitter Bond
$100,000–$500,000
Money transmitters licensed under Delaware’s Money Transmission and Virtual Currency Modernization Act must file an original surety bond with the Office of the State Bank Commissioner. Section 2309 directs the Commissioner to set the amount anywhere from $100,000 to $500,000 after weighing the licensee’s average daily Delaware money-transmission liability, tangible net worth, total assets, and any other factor the Commissioner finds relevant. A licensee that posts the $500,000 maximum need not calculate average daily liability. The bond runs to the State for the Commissioner and for consumers injured by wrongful acts, omissions, default, fraud, or misrepresentation in the licensed activity; claims cannot exceed the bond amount.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
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Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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