MS consumer loan broker bonds.
From $100. Enter your amount.

Mississippi licenses consumer loan brokers under the Consumer Loan Broker Act, and every license application must be accompanied by evidence of a surety bond of $25,000, approved by the commissioner. Because the license is issued per location, the total runs $25,000 for each licensed office. The premium is 1% of the bond amount, $100 minimum, it issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.

✓

Required to hold a Mississippi consumer loan broker license under Miss. Code § 81-19-9(3)

✓

Amount is $25,000 for each licensed location — the license and the $300 annual fee are per location too

✓

1% of the bond amount, $100 minimum — your exact price appears at the application

1% rate$100 minimumInstantissuance at checkoutSoft pullnever a hard inquiry

Trusted by industry leaders

How it works

Three steps. One sitting.

The bond rides along with the consumer loan broker license application. Here is the whole process:

NOW · ONLINE

Apply online

Business details, your county, the number of licensed offices, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

Your exact premium — 1% of the bond amount, $100 minimum — appears before you pay, and the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

File with your license application

Your executed bond arrives by email, ready to file with the Department of Banking and Consumer Finance as the evidence of surety the statute requires. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

The Mississippi Consumer Loan Broker Act licenses people who, for a fee, arrange or offer to arrange consumer loans — administered by the Department of Banking and Consumer Finance. Each application must be accompanied by evidence of a $25,000 surety bond issued by a company authorized to do business in Mississippi and approved by the commissioner, alongside a $300 annual license fee for each licensed location.

It's a three-party arrangement: you (the principal), the surety carrier, and the State of Mississippi (the obligee). The bond runs in favor of the state to discharge unsatisfied indebtedness or liability of the licensed broker to the state, to any political subdivision, or to any person with a cause of action against the broker by reason of the broker's conduct — and an injured borrower may bring an action directly against the bond.

It is not insurance for you — if the surety pays a claim, you repay the surety. A surety can cancel on 60 days' written notice to the commissioner, and the commissioner requires a new $25,000 bond any time he knows a licensee's bond has expired, is about to expire, or is insecure — so it has to stay continuously on file; we track the term and send renewal notices 60 and 30 days out.

Miss. Code Ann. § 81-19-9(3)Section 81-19-9 of the Mississippi Consumer Loan Broker Act requires each license application to be accompanied by evidence of a surety bond in an amount of $25,000, issued by a company authorized to do business in Mississippi and approved by the commissioner. The bond runs in favor of the State of Mississippi to discharge unsatisfied indebtedness or liability of the licensed consumer loan broker to the state, any political subdivision, or any person who may have a cause of action against the broker by reason of the broker’s conduct as a licensed consumer loan broker. The surety may cancel on sixty days’ written notice to the commissioner, and the commissioner shall require a new $25,000 bond whenever he has knowledge that a licensee’s bond has expired, is about to expire, or is insecure. The $300 annual license fee is charged for each licensed location.

You need this bond if you're

✓

Applying for a Mississippi consumer loan broker license with the Department of Banking and Consumer Finance

✓

Operating more than one licensed office — the bond runs $25,000 for each location

✓

Charging a fee to arrange consumer loans for Mississippi borrowers

✓

Replacing a cancelled bond after a surety gave the commissioner 60 days’ notice

One application, issued instantly.

These are the actual issuing fields — business details, your office count, an effective date, and a term. That is the entire application.

Start the application →

FAQ

Common questions.

How much is the Mississippi consumer loan broker bond?The premium is 1% of the bond amount, $100 minimum. The bond amount is set by Miss. Code § 81-19-9(3) at $25,000, and because the license is per location the total is $25,000 for each licensed office — your exact price appears at the application.

What bond amount should I enter?$25,000 for each licensed location you operate in Mississippi — one office is $25,000, three offices is $75,000. The application also asks for your office count, so the two should match.

Can my surety cancel the bond?Yes, on 60 days’ written notice to the commissioner, after which the surety is relieved of liability going forward. The commissioner will then require a new $25,000 bond, so replace it before the effective date of cancellation.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 1% of the bond amount, $100 minimum, either way.

Where do I file it?With the Mississippi Department of Banking and Consumer Finance, as the evidence of surety that accompanies your consumer loan broker license application. The bond must be approved by the commissioner.

Related bonds

Other Mississippi bonds.

Get your consumer loan broker bond on file.

1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

Start application

Your premiumfrom $100

Apply now →