MS credit availability bonds.
$100 flat.
To hold a credit availability license in Mississippi you must file with the Commissioner of Banking and Consumer Finance a bond in the penal sum of $10,000, payable to the State of Mississippi — Miss. Code Ann. § 75-67-609(c). The price is $100 flat, and the number you see is the number at checkout. The application collects no credit information.
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Three steps. One sitting.
The bond is the easy half of the license file. Fingerprints and the application take longer than this does:
Apply online
Entity details, the business location the license will cover, and an effective date. That is the whole application — no financials, no credit section.
Pay & e-sign
Fixed-penal-sum license bonds are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File with the Commissioner
Your executed bond and power of attorney arrive by email, ready to go into your Department of Banking and Consumer Finance application or annual renewal. The bond is not valid until the Commissioner approves it, so file it early.
What it is and who needs it.
What the credit availability bond actually guarantees
The Mississippi Credit Availability Act (Miss. Code Ann. §§ 75-67-601 through 75-67-639) licenses a specific small-dollar product: a fully amortized loan, secured or unsecured, repaid in substantially equal instalments over an overall term of four to twelve months. The Department of Banking and Consumer Finance licenses the lenders and the Commissioner holds the security. A transaction made by someone without a valid license is void by statute, so the license — and the bond inside it — is not optional paperwork.
Section 75-67-609(c) makes the bond an eligibility condition: file with the Commissioner a bond with good security in the penal sum of $10,000, payable to the State of Mississippi, conditioned on the licensee’s faithful performance of the duties and obligations of the licensed business and on prompt payment of any judgment recovered against the licensee on account of charges or other claims arising from a violation of the article. An applicant may instead file cash, a certificate of deposit, or government bonds in the same amount; an applicant taking out several licences may file one bond so long as it carries $10,000 of penal sum per license.
Two operating details matter more than most operators expect. First, the bond is not valid until the Commissioner approves it — filing it is not the same as having it accepted, so leave room in the calendar. Second, the licence itself is annual: the initial license fee is $750 and the renewal fee is $475, due on or before September 1 each year, with the license expiring if that fee is unpaid — and never later than September 30 of the year the fee covers. Keep the bond continuous across that line, because a lapse in security is a lapse in eligibility.
You need this bond if you are
One application, issued instantly.
These are the actual issuing fields — no credit section, because this application does not collect credit information.
Start the application →Common questions.
Other Mississippi bonds.
Get the bond half of your license file done.
$100 flat, a $10,000 penal sum, and the bond is often issued in the same sitting. Free until issued.