Maryland consumer loan license bonds.
$500 flat.
Looking for the Maryland mortgage lender bond?
The Maryland Consumer Loan Law requires a licensee making small consumer loans to file a surety bond with the license application. Md. Code, Fin. Inst. § 11-206 sets the bond at not less than $50,000, running to the Commissioner of Financial Regulation. Ours is $500 flat.
Trusted by industry leaders
How much does a Maryland consumer loan license bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
Consumer loan license bonds are one of the simplest filings in Maryland licensing. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application — no financial statements, and any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $500 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Upload the executed bond to your NMLS record for the Maryland Office of Financial Regulation. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maryland's Consumer Loan Law, Fin. Inst. Title 11, Subtitle 2, licenses lenders who make the small consumer loans governed by Com. Law Title 12, Subtitle 3. Section 11-206 requires each applicant to file a surety bond of not less than $50,000 — and up to $200,000 as the Commissioner of Financial Regulation determines for each licensee — with the license application, managed through NMLS.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commissioner as obligee, for the benefit of the State and any person with a cause of action against you under the Consumer Loan Law. The bond stands behind your compliance with the law and the payment of money you owe the State or injured borrowers.
It is not insurance for you — if the surety pays a claim, you repay the surety. The surety's liability is continuous and runs for three years after the bond is cancelled or the license ends; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File through NMLS. Upload the executed bond to your NMLS record for the Maryland Office of Financial Regulation. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $500 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Maryland bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your consumer loan license today.
$500 flat, issued the moment you pay, soft pull only. Free until issued.