Credit Repair Organization Bond (CRO Bond)

Communicate With UsIM or Email

Bond Penalty: Varies by State

Credit repair services have existed in one form or another for decades, some states regulating the activity, others not. The Credit Repair Organizations Act (part of a larger compendium of federal statutes called the Consumer Credit Protection Act). Pursuant to 15 U.S. Code §1679(b), The purposes of this law are to ensure that prospective buyers of the services of credit repair organizations are provided with the information necessary to make an informed decision regarding the purchase of such services; and to protect the public from unfair or deceptive advertising and business practices by credit repair organizations. Although the federal government does regulate the interstate commerce nature of CROs, the various states set licensing requirements which generally include a credit services organization surety bond.

The federal law prohibits certain practices by CROs but does not address licensing or bonding. Licensing matters are left to the states so long as the state statutes to not run contrary to U.S. Code. The following states require permit applications AND the filing of a credit repair organization bond.









North Carolina




West Virginia

A credit repair organization bond is generally a license/permit compliance guarantee however certain accounting and recordkeeping requirements may also be guaranteed within the provisions of the surety bond. Review of the bond form and the underlying states laws and administrative codes provides the nature of each of these obligations. The state law may enhance but may not nullify the Federal Code (15 U.S. Code §1679j) that regulates the activity. There are specific acts prohibited under both state and federal laws. The credit service organization bond may generally be claimed upon for violations of particular state rules, rather than the CRO Act.

National surety bond leader, is a specialist in the bonding needs of CROs, debt adjustment and collection agencies. We offer both the surety bonds and fidelity bonds needed by debt and credit professionals in all fifty states, Puerto Rico and the U.S. Virgin Islands. Questions about this surety bond? Call us at (800) 373-2804, email us at or click here for live chat. A credit repair organization bond is quick, easy and delivered in hours.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

What We Need From You

Additional Attachments

  • Current financial statement if bond greater than $50,000