Who requires it
Utah Division of Consumer Protection — Credit services organizations
License & permit · Utah
Utah Credit Services Organization Bond
Utah credit services organizations must register with the Division of Consumer Protection and post $100,000 of security before conducting regulated credit-services business. Utah Code § 13-21-3 and current Division instructions accept a surety bond or a certificate of deposit in that amount.
Common bond amount
$100,000
Fixed amount under Utah Code § 13-21-3; surety bond or certificate of deposit (irrevocable letter of credit no longer accepted after May 6, 2026 per DCP SB 38 notice).
How you file
Surety bond or certificate of deposit filed with the Division of Consumer Protection
Renewal
Maintain for the registration term; notify Division of bond changes within 30 days
Who requires it
Credit services organizations, and their salespersons, agents, representatives, and independent contractors who sell those services, when Utah Code Title 13, Chapter 21 applies. Exemptions under § 13-21-4 follow the statute rather than this bond guide.
How much is required
Section 13-21-3 fixes the posted security at $100,000. Division registration materials currently list a surety bond or certificate of deposit. A Division notice on SB 38 states that, effective May 6, 2026, irrevocable letters of credit are no longer accepted—only the bond or certificate of deposit paths remain.
How to get and file it
Have an authorized surety issue a $100,000 credit services organization bond with power of attorney, or arrange a qualifying certificate of deposit, then submit it with the Division of Consumer Protection registration packet and fees. Notify the Division within thirty days of any bond change or renewal. Keep the $100,000 security in force for the registration term. Failure to maintain surety can trigger reinstatement fees under Division instructions. Replace coverage before any gap, and update the Division when the surety company, bond number, or contact information changes.
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
- Accepted forms
- Surety bond or certificate of deposit (current DCP instructions)
- Registration
- Certificate of registration from the Division of Consumer Protection
- Authority
- Utah Code § 13-21-3
Official sources
Related resources
Frequently asked questions
Can I still use a letter of credit for a Utah CSO registration?
Division notice on SB 38 states irrevocable letters of credit are no longer accepted effective May 6, 2026. Use a $100,000 surety bond or certificate of deposit instead.
Is this the same as a Utah collection agency bond?
No. Statewide collection-agency registration and bonding were repealed in 2023. Credit services organizations remain under Title 13, Chapter 21 with the $100,000 DCP security requirement.
Related Utah bond guides
Mortgage Loan Originator Bond
$12,500–$50,000
Utah Department of Financial Institutions mortgage loan originators licensed under Title 70D must be covered by a surety bond under Rule R343-5. Individual amounts run $12,500, $25,000, or $50,000 based on prior-calendar-year origination volume. A qualified employer may elect entity coverage so exclusive originators do not each post a separate bond.
Money Transmitter Bond
$50,000
Utah money transmitters licensed under the Money Transmitter Act must submit a surety bond satisfactory to the commissioner in a minimum amount of $50,000. Utah Code § 7-25-204 ties the bond to reimbursing the state for expenses in administrative or judicial proceedings related to payment-instrument activity. NMLS checklists call for a $50,000 electronic surety from an authorized Utah surety.
Notary Public Bond
$5,000
Utah notary applicants must obtain a four-year $5,000 notarial surety bond from a company authorized to write surety bonds. The Lieutenant Governor’s Notary Office requires the bond—signed, with the exact name on the notary application—before the commission is approved. Remote online notaries must raise total coverage to $10,000.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Utah 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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