MD consumer loan license bonds.
$500 flat.
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, 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.
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 entire 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
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 Maryland bonds.
Finish your consumer loan license today.
$500 flat, issued the moment you pay, soft pull only. Free until issued.