Mississippi small loan license bonds.
From $100.
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. The premium is 1% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a Mississippi small loan license bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
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. 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. 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
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. 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.
Other Mississippi bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your small loan bond on file.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.