Section 11-303 of the Financial Institutions Article prohibits doing installment-loan business in Maryland — or making more than 5 installment loans in a year — without a license. Section 11-304 issues those licenses under the Consumer Loan Law licensing provisions, whose § 11-206 requires a surety bond of not less than $50,000 (and up to $200,000 as the Commissioner determines), running to the Commissioner for the benefit of the State and injured consumers.

What the bond actually guarantees

You need this bond if you're

Checkout-priced bonds like this issue the moment you pay. Your e-signed bond will arrive by email, ready to file through NMLS with the Office of Financial Regulation.

Maryland Installment Loan License Bond: $500 flat for the $50,000 bond MD installment lenders file through NMLS under Fin. Inst. § 11-206. Issued instantly.

Installment Loan License Bond ($50,000)

Maryland - Installment Loan License ($50,000) - NMLS

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

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Clear pricing.Instant issuance.