IL consumer deposit bonds.
Flat 3%. Enter your amount.
Under the Illinois Consumer Deposit Security Act, a lessor that takes security deposits on consumer leases must either keep them in a separate account or post a $10,000 surety bond with the Attorney General guaranteeing the deposits are refunded. We issue that bond at a flat 3% with no credit check — 3% of $10,000 is $300.
Trusted by industry leaders
Apply to filed in one sitting.
No underwriting queue for this bond — enter your amount, pay, and file with the Attorney General. Here is the whole thing:
Apply online
Your business details, the bond amount (the Act sets $10,000), and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay.
File with the Attorney General
Submit the executed bond to the Illinois Attorney General so you can hold consumer-lease deposits without segregating them. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. The Act sets a $10,000 bond, so the premium is $300.
What it is and who needs it.
What the consumer deposit bond actually covers
Illinois' Consumer Deposit Security Act (815 ILCS 165) governs the security deposits a lessor collects on a consumer lease — a lease of consumer goods for more than four months with a total obligation of $25,000 or less. The Act protects the consumer's deposit so it actually comes back at the end of the lease.
A lessor that takes such deposits has two choices: hold each deposit in a separate account at a bank, trust company, or savings and loan, or post a $10,000 surety bond with the Attorney General guaranteeing the refund of the deposits. The bond is the option that frees the lessor from segregating every deposit.
The bond runs to the State for the benefit of the consumers entitled to their deposits. If a lessor fails to refund a deposit it owes, the harmed consumer can recover against the bond — and if the surety pays, the lessor repays the surety. Note: this is a consumer-goods lease bond; it is distinct from residential landlord-tenant deposit rules under 765 ILCS 710.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with your bond amount — the executed bond is generated instantly, ready to file with the Attorney General.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Illinois Consumer Deposit Security Act bond? +
Is this the same as a residential security deposit? +
Why would a lessor post the bond instead of a separate account? +
Is there a credit check? +
Where do I file it? +
Other New York bonds.
Consumer deposit bond, issued today.
Five-minute application, flat 3%, $275 minimum. The Act sets a $10,000 bond — $300 — and you can file the same day.