Nebraska Credit Services Organization (CSO) Bonds

A Credit Service Organization Bond is a type of surety bond to provide a limited guarantee that the bonded credit service organization will not violate any of the provisions contained in the Nebraska Credit Services Organization Act. The surety bond is written for benefit of any person damaged financially as a result of violations of the Credit Services Organization Act and up to an aggregate coverage or sum of One Hundred Thousand Dollars ($100,000) as mandated by the state. The bond term, or coverage period, may be extended by acceptable Continuation Certificate issued by the surety company.