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How to Get a Florida Credit Service Organization Bond

A list of credit ratings, with a check by 'excellent'

Florida Credit Service Organizations (CSO) is any person or business that sells, provides, repesents or performs in return for payment services to improve a buyers credit history, record or rating, extends or credit for a buyer, or provides advice on said services. CSO's are required by the state to obtain a $10,000 surety bond and establish a trust account. The bond protects consumers from damages that may arise from the actions of the organization.

A CSO must have an approved contract that:

  • Is signed and dated by the buyer
  • Includes a statement with a cancellation clause. The statement must read "You, the buyer, may cancel this contract at any time prior to midnight of the fifth day after the date of thie transaction. See the attached notice of cancellation form for an explanation of this right". (Florida Statue 817.704(1)(a))
  • Includes terms and conditions of the payment(s).
  • Provide details of the services to be provided, estimated length of time for performing the services and a guarantee of full or partial refunds.
  • Includes the CSO's business address and the name of its agent to receive service of process.
  • And lastly the contract wil need to include a form in duplicate of the "Notice of Cancellation".
  • A CSO may not charge or receive money from customers prior to full and complete performance of the services promised unless a $10,000 surety bond is in place. Obtain your bond from SuretyGroup.com

    What Will My Bond Cost?

    Premium for a Credit Service Organization Bond is dependent on credit.

    How Do I Get a Surety Bond?

    Contact our Surety Bond Specialists today at:

    Phone: 1‑844‑432‑6637
    Fax:     404-351-3237
    Hours: 8:00-5:00 CST, Monday through Friday

    SuretyGroup.com has been underwriting surety bonds for over 35 years throughout the US. We have a team of experienced surety agents and in-house underwriting authority, which gives us a unique advantage over other surety companies. We are able to offer competitive, low rates, quick approvals and immediate bond delivery. In most cases we can approve your application today and deliver your bond tomorrow.