MS small loan license bonds.
From $100. Enter your amount.
Mississippi small loan licensees are regulated under the Small Loan Regulatory Law and pay the privilege tax under the Small Loan Privilege Tax Law, which requires a good and sufficient bond of $1,000 for each licensed office, filed with the license application and payable to the State of Mississippi. 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.
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Three steps. One sitting.
The small loan bond is a short filing that rides along with your license application. Here is the whole process:
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.
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. Wet-ink originals mailed on request.
What it is and who needs it.
What the bond actually guarantees
Mississippi regulates consumer small loans under the Small Loan Regulatory Law and taxes the privilege of making them under the Small Loan Privilege Tax Law — both administered by the Department of Banking and Consumer Finance. A good and sufficient bond in the principal amount of $1,000 per licensed office, written by a surety authorized to do business in Mississippi, is presented and filed with the license application.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Mississippi (the obligee). The bond is conditioned that you will operate your business in conformity with — and abide by — the laws of the state regulating the handling of loans and lending money, the department's regulations, and all other applicable statutes, and that you will pay and discharge any indebtedness for which you become liable.
It is not insurance for you — if the surety pays a claim, you repay the surety. Any person with a right of action can sue on the bond in the name of the State of Mississippi, 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
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 →Common questions.
Other Mississippi bonds.
Get your small loan bond on file.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.