AL consumer credit license bonds.
From $100. Enter your amount.
Alabama licenses consumer lenders and takers of consumer credit contracts through the State Banking Department under the Alabama Consumer Credit Act — the Mini-Code, Ala. Code § 5-19-22. The Department can require a licensee to post a surety bond, in an amount it sets, in favor of the State of Alabama. The premium is 0.6% of the bond amount, $100 minimum, your exact price appears at the application, and any credit screen is a soft pull only — it never affects your score.
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Apply to filed in one sitting.
No underwriting queue for the Alabama consumer credit license bond — enter your amount, pay, and file with the Banking Department. Here is the whole thing:
Apply online
Business details, the bond amount your license requires, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 0.6% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with the Banking Department
Your executed bond arrives by email, ready to submit with your consumer credit license filing. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Alabama's Consumer Credit Act — the Mini-Code — requires a license from the State Banking Department to make consumer loans or take assignments of consumer credit contracts in the state. Under Ala. Code § 5-19-22, the Department can require an applicant or licensee to post a surety bond, in an amount the Department determines — notably for creditors extending credit secured by real estate, where the bond can stand in lieu of the net-asset requirement.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Alabama (the obligee). The bond runs in favor of the state for the use, benefit, and indemnity of any person who suffers loss from a breach of contract, an obligation arising from it, or a violation of the law by the licensee.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay on file for the license to stay in good standing; we track the term and send renewal notices 60 and 30 days out. Confirm your required amount on your Banking Department correspondence.
You need this bond if you're
One application, issued instantly.
Submit the application with the bond amount your license requires — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Alabama bonds.
Finish your consumer credit license today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.