IL loan broker bonds.
$100 flat.
Illinois requires a loan broker who arranges loans subject to the Truth-in-Lending Act to maintain a $25,000 surety bond in favor of the State under the Illinois Loan Brokers Act of 1995 — filed with the Secretary of State as a condition of registration. Ours is $100 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
Loan broker registration bonds are among the simplest filings in surety. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the entire application — no financials, and any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $100 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Secretary of State
Your executed bond arrives by email, ready to file with your loan broker registration at the Secretary of State's Securities Department. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Illinois registers loan brokers through the Secretary of State under the Illinois Loan Brokers Act of 1995. A broker who engages in loan brokerage transactions where the loan is subject to the Truth-in-Lending Act must maintain a $25,000 bond in favor of the State, satisfactory to the Secretary of State — and evidence of the bond is filed with the registration application itself.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Illinois (the obligee). The bond stands behind your compliance with the Act — the written-contract, disclosure, and conduct rules that protect people who pay a broker to arrange a loan. The Secretary of State can deny, suspend, or revoke a registration that lets the bond lapse.
It is not insurance for you — if the surety pays a claim, you repay the surety. Registrations run to January 1 of the year after they take effect, so the bond has to stay continuously on file; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Illinois bonds.
Finish your loan broker registration today.
$100 flat, issued the moment you pay, soft pull only. Free until issued.