Who requires it
Louisiana Attorney General — Credit repair services
License & permit · Louisiana
Louisiana Credit Repair Services Organization Bond
Anyone providing credit repair services to Louisiana consumers must maintain a $100,000 surety bond under R.S. 9:3573.4. The bond is filed with the Louisiana Attorney General—not the Office of Financial Institutions—even though OFI once regulated the activity. OFI no longer issues a credit-repair license, but the statutory surety remains mandatory.
Common bond amount
$100,000
Fixed statutory amount under R.S. 9:3573.4(E); filed with the Attorney General (not an OFI license bond).
How you file
File with the Attorney General
Renewal
Maintain while doing credit repair business in Louisiana; notify AG within 30 days of exit
Who requires it
Credit repair services organizations as defined in R.S. 9:3573 et seq. that provide credit repair services to consumers in Louisiana. This is separate from collection-agency registration and from residential mortgage licensing.
How much is required
Section 9:3573.4(E) fixes the bond amount at one hundred thousand dollars. The statute also references trust-account mechanics in the section title; the operative amount published in subsection E is $100,000.
How to get and file it
Have a surety licensed in Louisiana issue a $100,000 credit repair services organization bond in favor of the state of Louisiana for the benefit of damaged persons, then file it with the Attorney General. If an older bond still names the Office of Financial Institutions, arrange an updated bond transferring the benefit to the Attorney General as OFI’s advisory directs. Keep the $100,000 bond on file with the Attorney General while offering credit repair services in Louisiana. Notify the Attorney General in writing within thirty days after ceasing to do business in the state. Failure to obtain or file the bond is itself a violation of the Part.
Cost note
One hundred thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Required amount
- $100,000
- Filing
- Louisiana Attorney General
- Authority
- R.S. 9:3573.4
- License note
- OFI licensure ended; surety obligation remains
Related resources
Frequently asked questions
Do I still need an OFI credit repair license?
No. OFI’s credit-repair page states that Act 858 moved jurisdiction to the Attorney General and ended licensure there. The $100,000 surety requirement continues under R.S. 9:3573.4.
Is this the same as a collection agency bond?
No. Collection agencies register with the Secretary of State and do not post a statewide surety under current registration law. Credit repair organizations post the Attorney General $100,000 bond under a different statute.
Related Louisiana bond guides
Mortgage Lender Bond
$25,000 or $50,000
Louisiana residential mortgage lenders, mortgage brokers, and mortgage loan originators license through the Office of Financial Institutions on NMLS. R.S. 6:1088 requires a surety bond naming OFI. The amount is $25,000 when prior-calendar-year Louisiana residential loan volume is under $100,000,000, and $50,000 when that volume is $100,000,000 or greater.
Money Transmitter Bond
$25,000–$500,000
Louisiana money transmitters and sellers of checks license with the Office of Financial Institutions under the Sale of Checks and Money Transmission Act. R.S. 6:1037 requires a surety bond—or approved cash or securities deposit—of at least $25,000 for the first license year, with renewals sized from outstanding checks or annual transmission volume, ordinarily capped at $500,000.
Public Adjuster Bond
$50,000
Louisiana public adjusters must show $50,000 of financial responsibility before the Department of Insurance issues the license. R.S. 22:1701 accepts either a surety bond from an authorized insurer or an irrevocable letter of credit from a qualified Louisiana financial institution. The Louisiana Department of Insurance (LDI) will not issue the license until the original bond form is on file.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Louisiana application
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Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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