Debt Management Service Bond

Arizona Debt Management Company Bond

DIFI debt management bond under A.R.S. § 6-704

Arizona debt management companies must post a DIFI surety bond sized to yearly disbursements under A.R.S. § 6-704.

Overview

What Is a Arizona Debt Management Company Bond?

An Arizona debt management bond secures a debt management company license for businesses that receive debtor funds for distribution to creditors.

Key Provisions
  • Guarantees compliance with A.R.S. § 6-704
  • Protects the obligee named on the Arizona bond form
  • Remains subject to the penal sum and bond conditions
Surety Obligation Overview

What Does This Bond Guarantee?

The surety bond guarantees that the principal will perform the duties required under A.R.S. § 6-704 up to the penal sum.

Principal
The party required to obtain the bond and perform the underlying obligation.
Obligee
People of the State of Arizona
Surety
The company issuing the bond and guaranteeing the obligation to the obligee.

When a claim may arise

A claim may arise if the principal fails to comply with the bonded Arizona obligation or causes covered loss to the obligee or protected parties.

If a claim is valid

If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.

Scope of the Obligation
  • Comply with A.R.S. § 6-704
  • Satisfy People of the State of Arizona filing conditions
  • Maintain the bond for the required term
Bond terms

Bond summary

Amount, premium, term, and the authority that requires this filing.

Eligibility

Who Needs This Bond?

Persons engaged for compensation in receiving money as agent of a debtor for distribution to creditors in Arizona need this license and bond.

Who Is Required to File
  • Applicants required by Arizona Department of Insurance and Financial Institutions (DIFI)
  • Arizona businesses renewing or expanding licensed activity
  • Out-of-state firms filing into Arizona markets
Requirements

What You Need to Apply

File the DIFI surety bond form in the A.R.S. § 6-704 tier matching prior-year disbursements.

Required Documentation
  1. Legal entity name matching the license or filing
  2. Bond amount: $5,000 to $25,000 based on yearly disbursements (same statutory table as related DIFI Title 6 license bonds)
  3. Arizona obligee form or statute citation
  4. Owner or officer identification for underwriting
Filing

How this filing works

  1. 01

    Confirm the Arizona requirement

    Share your license type, court order, or obligee form and the exact penal sum required by Arizona Department of Insurance and Financial Institutions (DIFI).

  2. 02

    Underwrite and price

    We review credit and filing details, then quote premium options through licensed surety markets.

  3. 03

    Issue and file

    Once approved, we issue the bond for delivery to People of the State of Arizona or for your Arizona filing package.

FAQ

Frequently Asked Questions

What is the required amount for an Arizona debt management service bond?

The amount is $5,000 to $25,000 based on yearly disbursements (same statutory table as related DIFI Title 6 license bonds), as set under A.R.S. § 6-704 and confirmed with Arizona Department of Insurance and Financial Institutions (DIFI).

Who is the obligee on an Arizona debt management service bond?

The obligee is typically People of the State of Arizona. Always match the exact name on the Arizona form.

How long does it take to get the bond?

Many Arizona filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.

Does bad credit prevent approval?

Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.

How do I renew the bond?

Most bonds renew on the term shown (1 Year). Keep continuity so your Arizona license or filing does not lapse.

Authority Resources

Arizona Department of Insurance and Financial Institutions (DIFI)

difi.az.gov

Next step

Ready to file this bond?

We’ll match the requirement and route the application.

Apply for this bond

Or call (877) 477-7578