Mississippi consumer loan broker bonds.
From $100.
Mississippi licenses consumer loan brokers under the Consumer Loan Broker Act, and every license application must include evidence of a $25,000 surety bond. 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.
Trusted by industry leaders
How much does a Mississippi consumer loan broker bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The bond rides along with the consumer loan broker license application. Here is the whole process:
Apply online
Business details, your county, the number of licensed offices, an effective date, and a term. No credit check up to $25,000.
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.
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.
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.
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 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.
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 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.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which 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, your office count, an effective date, and a term. That is the application.
Start the application →Common questions.
Mississippi mortgage license bonds.
We write 3 mortgage license bonds in Mississippi. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Consumer Loan Broker Bond (this page) | Miss. Code Ann. § 81-19-9(3) | Varies | From $100 |
| Mortgage Broker Bond | Miss. Code Ann. § 81-18-11 | Varies | From $100 |
| Mortgage Lender Bond | Miss. Code Ann. § 81-18-11 | Varies | From $100 |
Other Mississippi bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your consumer loan broker bond on file.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.