Oklahoma Credit Services Organization Bond

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What is an Oklahoma credit services organization bond?

Before you can obtain a license to run a credit services organization in Oklahoma, you must purchase a $10,000 surety bond, according to the Department of Consumer Credit. This bond ensures that credit services organizations (CSOs) follow the law and abide by industry standards. If a CSO acts illegally or unethically, the injured party may file a claim against the bond – up to $10,000.

Get Your Credit Services Organization Bond:

How much does an Oklahoma credit services organization bond cost?

ZipBonds offers this $10,000 bond for only $100 a year. You can apply for your bond online today and get approved instantly.

Who needs a CSO bond and why?

The Oklahoma Credit Services Organization Act requires all credit services organizations in the state to be bonded (and licensed). Without a license and bond, you can’t legally perform CSO services to the public. Additionally, every business location you operate must obtain and maintain a separate surety bond.

The CSO Act defines a credit services organization as “any person who, with respect to the extension of credit by others, sells, provides, performs, or represents that the person can or will sell, provide, or perform, in return for the payment of money or other valuable consideration from any source, any of the following services more than twelve times in a calendar year:”

  • Improving a buyer’s credit rating, record, or history
  • Obtaining an extension of credit for a buyer
  • Giving advice or assistance regarding the first two points

How does a credit services organization apply for a license in Oklahoma?

Follow these steps to register with the Oklahoma Department of Consumer Credit:

  • Complete the application.
  • Fill out a personal affidavit form.
  • Obtain a CSO bond for $10,000.
  • Sign a designated agent form.
  • Complete a financial statement.
  • Show proof of a trust account.
  • Complete additional business forms.
  • Include required fees.

See the official License Application Checklist for detailed instructions. Once you’ve compiled all the required documents, you can mail your application packet to the following address:

  • Oklahoma Department of Commerce Credit 
  • 3613 NW 56th St., Suite 240 
  • Oklahoma City, OK 73112-4512

Frequently Asked Questions

The Oklahoma Department of Consumer Credit regulates CSO registration and bonding in the state.

Yes, you must renew your bond annually, along with your CSO license. Make sure you renew before your bond and license expire each year so they remain active. Licenses expire on December 1.

The best way to avoid claims is to follow the laws in your state for your industry. Working professionally, addressing consumer complaints, and resolving them quickly can help prevent claims.

Other Helpful Resources

How to Get a CSO Bond in Oklahoma

ZipBonds offers the fastest and most secure option for getting the surety bonds you need. Our all-digital platform is intuitive and straightforward. Apply online or call us at (888) 435-4191 to speak with an agent. Most of our bonds are approved and processed immediately from our site.


About ZipBonds.com

Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”

Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.