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IL legal funding bonds.
$500 flat.

A consumer legal funding company licensed in Illinois files a $50,000 surety bond with the Department of Financial and Professional Regulation (IDFPR) through NMLS. Ours is $500 flat — the price you see is the checkout price — with underwriting review built into the application.

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Required to license as an Illinois consumer legal funding company under 815 ILCS 121/70
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Fixed price, fixed amount — $50,000 bond, $500, no quote process
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Files directly through NMLS alongside your license application
A-ratedA.M. Best carriersUnderwriting reviewincluded, not a quote round-tripSoft pull onlynever a hard inquiry
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

One application. One review.

This bond runs through carrier underwriting, but the process is still short:

NOW · ONLINE

Apply online

Business details, your NMLS number, and a short set of commercial questions the carrier uses to underwrite the risk.

TYPICALLY 1–2 BUSINESS DAYS

Underwriting review

Our carrier reviews the application. Most applicants with a clean history clear quickly; the bond is not held up by a formal financial statement request.

ON APPROVAL

Pay & upload to NMLS

Your executed bond and power of attorney arrive by email, ready to upload to NMLS as part of your Illinois license filing.

About this bond

What it is and who needs it.

What the bond actually guarantees

The Illinois Consumer Legal Funding Act (815 ILCS 121) licenses companies that advance money to consumers against the expected proceeds of a legal claim. Section 70 conditions that license on a $50,000 surety bond submitted to and approved by the Secretary of Financial and Professional Regulation, with the Secretary able to require a larger bond based on the volume of funding a licensee makes, purchases, or services.

It's a three-party arrangement: you (the principal, the licensed funding company), the surety carrier, and the Secretary of Financial and Professional Regulation (the obligee), with IDFPR and any consumer harmed by a licensee's violation of the Act as the protected parties.

It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay active for the life of your Illinois license, and it files directly through NMLS alongside your application and renewal.

815 ILCS 121/70Section 70 of the Consumer Legal Funding Act requires an applicant to submit to the Secretary of Financial and Professional Regulation, and maintain, a surety bond in the sum of $50,000, or such additional amount as the Secretary requires based on the licensee's prior-year volume of consumer legal fundings made, purchased, or serviced. The bond runs for the benefit of the Department and of any consumer harmed by a violation of the Act.

You need this bond if you're

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Applying for an Illinois consumer legal funding license through NMLS
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Renewing an existing Illinois consumer legal funding license and your bond is expiring
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Notified by the Secretary that your funding volume requires a larger bond
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Reinstating a lapsed license that needs a fresh bond filing

One application, underwritten fast.

These are the actual issuing fields, including the commercial questions and soft-pull credit consent our carrier uses to underwrite this bond.

Start the application →
FAQ

Common questions.

How much is the Illinois consumer legal funding license bond?The premium is $500 flat — set by our carrier's rate book for this bond once underwriting clears. The $50,000 bond amount is fixed by 815 ILCS 121/70, so there is no separate quote process.
Do I pay the $50,000?No. You pay $500. The $50,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.
How fast will I have the bond?This bond runs through carrier underwriting rather than instant issue — most applicants with a clean history clear within 1–2 business days of a complete application.
Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.
Can the Secretary require more than $50,000?Yes. 815 ILCS 121/70 lets the Secretary require an additional amount above $50,000 based on the volume of consumer legal fundings you make, purchase, or service in the prior year. Tell us if you've received that notice and we'll quote the higher amount.
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Complete your IDFPR license filing today.

$500 flat once underwriting clears, soft-pull only, typically 1–2 business days. Free until issued.

Start application
Your price$500
Apply now →