Other names for this surety bond: financial lenders license bond, financial loan license bond
The purpose of a financial lender license bond is to provide security for a broker/lender’s license. South Coast Surety has a special in-house program for finance lenders license bonds with rates starting at 0.75%.
Fill out the quick, secure application below to start the bond quote process. Our expert team will find the best rate for you and email you a free bond quote. We can get you approved, quoted and bonded quickly so you can save time and money! If you have questions, call us at 800-361-1720 or email apps@www.southcoastsurety.com.
Finance lender bonds are required by the various states where the finance lender is operating. The license is to assure that the broker/lender will abide by the laws & regulations of that state and protect consumers. Every state has their own regulations in regards to this industry; therefore each state has its own bond form.
Finance lenders may need this license bond in order to operate under their state license.
Bond approval is based on credit and the premium is a percent of the bond amount. With good credit the premium is 0.75%-3%. Non-standard credit can start at 9.5% or higher
To get a free finance lender bond quote, complete our online application and submit. You can also download & complete the PDF application and email to apps@www.southcoastsurety.com or fax to 949.361.9926. A quote should be emailed to you within 1-2 business days.