Who requires it
Missouri Division of Finance — Credit services organizations
License & permit · Missouri
Missouri Credit Services Organization Bond
Missouri credit services organizations that charge or receive money before finishing the services they agreed to perform must keep a ten-thousand-dollar surety bond or surety account under § 407.639. A copy of the bond—or notice of the surety account—is filed with the director of finance.
Common bond amount
$10,000
Fixed statutory amount; surety bond or surety account; keep two years after shutdown.
How you file
Surety bond or federally insured Missouri surety account filed with the director of finance
Renewal
Maintain while operating and for two years after operations cease
Who requires it
Credit services organizations (and their salespeople, agents, or representatives) that take payment before completing all contracted services, as § 407.638(1) requires. Organizations that never take money early may not need this security, but registration and other Chapter 407 rules can still apply—confirm your model with the Division of Finance.
How much is required
Section 407.639(5) establishes a fixed ten-thousand-dollar bond or surety account. The instrument runs in favor of the state and of persons damaged by violations of §§ 407.635–407.644.
How to get and file it
Obtain a $10,000 surety from a company authorized in Missouri, or establish a surety account at a federally insured Missouri bank or savings and loan as the statute allows. File a bond copy—or the depository, trustee, and account-number notice—with the director of finance before taking advance payments. Maintain the bond or surety account until two years after the organization ceases operations. Claims cannot exceed the $10,000 amount.
Cost note
Ten 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
- $10,000 surety bond or surety account
- Trigger
- Required before charging or receiving money prior to completing services
- Filing
- Bond copy or account notice with the director of finance
Official sources
Related resources
Frequently asked questions
Is a surety account allowed instead of a bond?
Yes. Section 407.639 lets a credit services organization establish a surety account at a federally insured bank or savings and loan in Missouri and file the depository, trustee, and account number with the director of finance.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Missouri application
Missouri will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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