State Bond and License Requirements

Below is a list of each State's current bond and license requirements. Please keep in mind, Debt laws change from time to time, and you should always check with a legal professional or your state Attorney General’s office for current information. This guide is provided for informational purposes only.

    
        State
        License Required
        Bond Required
        Bond Amount
        Certificate of Authority
      

    
        Alaska
        Yes
        Yes
        5k
        Yes
      

        Alabama
        No
        No
        N/A
        Yes
      

        Arkansas
        Yes
        Yes
        10-25k
        Yes
      

        Arizona
        Yes
        Yes
        10-30k
        Yes
      

        California
        No
        No
        N/A
        Yes
      

        Colorado
        Yes
        Yes
        12-20k
        Yes
      

        Connecticut
        Yes
        Yes
        25k
        Yes
      

        District of Columbia
        No
        No
        N/A
        No
      

        Delaware
        No
        No
        N/A
        No
      

        Florida
        Yes
        Yes
        50k
        Yes
      

        Georgia
        No
        No
        N/A
        No
      

        Hawaii
        Yes
        Yes
        25k
        Yes
      

        Iowa
        Yes
        No
        N/A
        Yes
      

        Idaho
        Yes
        Yes
        15k
        Yes
      

        Illinois
        Yes
        Yes
        25k
        Yes
      

        Indiana
        Yes
        Yes
        5k
        Yes
      

        Kansas
        No
        No
        N/A
        No
      

        Kentucky
        No
        No
        N/A
        No
      

        Louisiana
        Yes
        No
        N/A
        Yes
      

        Massachusetts
        Yes
        Yes
        25k
        Yes
      

        Maryland
        Yes
        Yes
        5k
        Yes
      

        Maine
        Yes
        Yes
        15-50k
        Yes
      

        Michigan
        Yes
        Yes
        5-50k
        Yes
      

        Minnesota
        Yes
        Yes
        50-100k
        Yes
      

        Missouri
        No
        No
        N/A
        No
      

        Mississippi
        No
        No
        N/A
        No
      

        Montana
        No
        No
        N/A
        No
      

        North Carolina
        Yes
        Yes
        10-30k
        Yes
      

        North Dakota
        Yes
        Yes
        50k
        Yes
      

        Nebraska
        Yes
        Yes
        5-15k
        Yes
      

        New Hampshire
        No
        No
        N/A
        No
      

        New Jersey
        Yes
        Yes
        5k
        Yes
      

        New Mexico
        Yes
        Yes
        5k+
        Yes
      

        Nevada
        Yes
        Yes
        35-65k
        Yes
      

        New York
        No
        No
        N/A
        No
      

        Ohio
        No
        No
        N/A
        No
      

        Oklahoma
        No
        No
        N/A
        No
      

        Oregon
        Yes
        Yes
        10-15k
        Yes
      

        Pennsylvania
        No
        Yes
        5k
        No
      

        Puerto Rico
        Yes
        Yes
        5k
        Yes
      

        Rhode Island
        Yes
        No
        50k
        Yes
      

        South Carolina
        No
        No
        N/A
        No
      

        South Dakota
        No
        No
        N/A
        No
      

        Tennessee
        Yes
        Yes
        15-25k
        Yes
      

        Texas
        No
        Yes
        10k
        No
      

        Utah
        Yes
        Yes
        10k
        Yes
      

        Virginia
        No
        No
        N/A
        No
      

        Vermont
        No
        No
        N/A
        No
      

        Virgin Islands
        No
        No
        N/A
        Yes
      

        Washington
        Yes
        Yes
        5k
        Yes
      

        Wisconsin
        Yes
        No
        N/A
        Yes
      

        West Virginia
        Yes
        Yes
        5k
        Yes
      

        Wyoming
        Yes
        Yes
        10k
        Yes
      

  

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State	License Required	Bond Required	Bond Amount	Certificate of Authority
Alaska	Yes	Yes	5k	Yes
Alabama	No	No	N/A	Yes
Arkansas	Yes	Yes	10-25k	Yes
Arizona	Yes	Yes	10-30k	Yes
California	No	No	N/A	Yes
Colorado	Yes	Yes	12-20k	Yes
Connecticut	Yes	Yes	25k	Yes
District of Columbia	No	No	N/A	No
Delaware	No	No	N/A	No
Florida	Yes	Yes	50k	Yes
Georgia	No	No	N/A	No
Hawaii	Yes	Yes	25k	Yes
Iowa	Yes	No	N/A	Yes
Idaho	Yes	Yes	15k	Yes
Illinois	Yes	Yes	25k	Yes
Indiana	Yes	Yes	5k	Yes
Kansas	No	No	N/A	No
Kentucky	No	No	N/A	No
Louisiana	Yes	No	N/A	Yes
Massachusetts	Yes	Yes	25k	Yes
Maryland	Yes	Yes	5k	Yes
Maine	Yes	Yes	15-50k	Yes
Michigan	Yes	Yes	5-50k	Yes
Minnesota	Yes	Yes	50-100k	Yes
Missouri	No	No	N/A	No
Mississippi	No	No	N/A	No
Montana	No	No	N/A	No
North Carolina	Yes	Yes	10-30k	Yes
North Dakota	Yes	Yes	50k	Yes
Nebraska	Yes	Yes	5-15k	Yes
New Hampshire	No	No	N/A	No
New Jersey	Yes	Yes	5k	Yes
New Mexico	Yes	Yes	5k+	Yes
Nevada	Yes	Yes	35-65k	Yes
New York	No	No	N/A	No
Ohio	No	No	N/A	No
Oklahoma	No	No	N/A	No
Oregon	Yes	Yes	10-15k	Yes
Pennsylvania	No	Yes	5k	No
Puerto Rico	Yes	Yes	5k	Yes
Rhode Island	Yes	No	50k	Yes
South Carolina	No	No	N/A	No
South Dakota	No	No	N/A	No
Tennessee	Yes	Yes	15-25k	Yes
Texas	No	Yes	10k	No
Utah	Yes	Yes	10k	Yes
Virginia	No	No	N/A	No
Vermont	No	No	N/A	No
Virgin Islands	No	No	N/A	Yes
Washington	Yes	Yes	5k	Yes
Wisconsin	Yes	No	N/A	Yes
West Virginia	Yes	Yes	5k	Yes
Wyoming	Yes	Yes	10k	Yes

State Bond and License Requirements

State Bond and License Requirements

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