Who requires it
Mississippi Department of Banking and Consumer Finance — Debt management
License & permit · Mississippi
Mississippi Debt Management Services Bond
Mississippi debt-management service providers licensed under the Debt Management Services Act must file a fifty-thousand-dollar bond with the commissioner. Miss. Code §81-22-7 conditions the bond on performing licensed duties and on paying judgments arising from chapter violations. Cash, a certificate of deposit, or government bonds in the same amount may substitute.
Common bond amount
$50,000
Fixed amount under Miss. Code §81-22-7; cash, CD, or government bonds may substitute.
How you file
File through NMLS; surety bond, or cash/CD/government bonds
Renewal
Maintain while licensed; manage ESB changes through NMLS
Who requires it
Applicants for and holders of Mississippi debt-management service provider licenses under chapter 81-22 who engage in fee-based debt-management services for Mississippi consumers.
How much is required
Section 81-22-7 fixes the amount at fifty thousand dollars. The bond must be payable to the State of Mississippi. Deposits filed instead of the bond follow the same terms, with interest or earnings payable to the depositor.
How to get and file it
Have an authorized surety issue a $50,000 debt-management bond payable to the State of Mississippi, or arrange a cash, certificate-of-deposit, or government-bond deposit with the commissioner. File through NMLS as an electronic surety bond under DBCF’s current debt-management and ESB instructions. Maintain the $50,000 security for the license term and manage renewals or replacements through NMLS. Keep consumer escrow and reporting practices aligned with chapter 81-22 while the bond remains in force.
Cost note
Fifty 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
- $50,000
- Who requires it
- State of Mississippi
- Alternatives
- Cash, certificate of deposit, or government bonds in the same amount
- Filing
- DBCF via NMLS electronic surety bond process
Official sources
Related resources
Frequently asked questions
Is the Mississippi debt-management bond a collection-agency bond?
No. Section 81-22-7 belongs to licensed debt-management service providers under the Debt Management Services Act. This hub does not treat third-party collection agencies as having a separate statewide collection surety license path.
Can I deposit cash instead of buying the Mississippi debt-management bond?
Yes. Section 81-22-7 allows cash, a certificate of deposit, or government bonds in the amount of $50,000 in lieu of the surety bond, filed with the commissioner on the same terms as the bond.
Related Mississippi bond guides
Mortgage Broker / Lender Bond
$50,000 / $250,000
Mississippi mortgage brokers and mortgage lenders licensed under the S.A.F.E. Mortgage Act must keep a bond covering each mortgage loan originator affiliated with the company. As amended effective July 1, 2025, Miss. Code §81-18-11 sets the initial amount at fifty thousand dollars for a mortgage broker and two hundred fifty thousand dollars for a mortgage lender. Renewal amounts are set by the commissioner by rule based on prior-year loan activity and may not exceed those statutory caps.
Money Transmitter Bond
$100,000–$500,000
Mississippi money-transmission licensees must maintain a surety bond—or a commissioner-approved deposit—under the Money Transmission Modernization Act that replaced the prior Money Transmitters Act effective July 1, 2025. The required security is the greater of one hundred thousand dollars or one hundred percent of the licensee’s average daily Mississippi money-transmission liability for the most recently completed three-month period, up to five hundred thousand dollars.
Notary Public Bond
$5,000
Before the Secretary of State issues a Mississippi notary commission, the applicant must file a five-thousand-dollar bond or an accepted equivalent. Miss. Code §25-34-41 requires the bond to be issued by a surety or other entity licensed by the Mississippi Department of Insurance, to cover acts performed during the four-year commission, and to remain on file for the entire period the notary notarizes.
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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