MD installment loan license bonds.
$500 flat.
Maryland licenses installment lenders through the Office of Financial Regulation — Md. Code, Fin. Inst. § 11-303 makes it unlawful to do installment-loan business, or make more than five installment loans a year, without a license, and the licensing provisions require a surety bond of at least $50,000, filed through NMLS. 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.
Installment 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 regulates installment lending under Title 11, Subtitle 3 of the Financial Institutions Article. Fin. Inst. § 11-303 makes it unlawful to engage in the business of making installment loans — or to make more than five installment loans in a calendar year — without a license from the Commissioner of Financial Regulation, and § 11-304 applies the Consumer Loan Law licensing provisions, including the surety bond in § 11-206.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commissioner as obligee, for the benefit of the State and anyone with a cause of action against you under the law. The bond stands behind your compliance with Maryland's installment-lending rules 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, so the bond has to stay on file the whole time you're licensed; 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 installment loan license today.
$500 flat, issued the moment you pay, soft pull only. Free until issued.