Mississippi title pledge lender bonds.
$500 flat.
Mississippi licenses title pledge lenders under the Title Pledge Act, and to be eligible an applicant must file with the commissioner a bond with good security in the penal sum of $50,000 for each location, payable to the State of Mississippi. Ours is $500 flat.
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How much does a Mississippi title pledge lender bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
Title pledge licensing takes fingerprints and a fee; the bond half is the quick half. Here is the entire process:
Apply online
Business details, the county your store operates in, an effective date, and a term. One soft credit pull, never a hard inquiry, and it never affects your score.
Pay & e-sign
This bond is checkout-priced at $500 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the commissioner
Your executed bond arrives by email, ready to file with the Department of Banking and Consumer Finance alongside your application, fingerprints, and license fee. The bond is not valid until the commissioner approves it.
What it is and who needs it.
What the bond actually guarantees
Mississippi's Title Pledge Act licenses lenders who take a certificate of title as security, and the Department of Banking and Consumer Finance administers it. To be eligible, an applicant must file with the commissioner a bond with good security in the penal sum of $50,000 for each location, with the aggregate across all locations capped at $250,000 and no more than $50,000 payable or recoverable per location.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Mississippi (the obligee). The bond is payable to the state for your faithful performance of the duties and obligations of the licensed business and the prompt payment of any judgment recovered against you on account of damages or other claims arising from a violation of the Act.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is not valid until the commissioner approves it, and a licensee convicted under the Act's criminal provisions forfeits the bond, so it has to stay continuously on file; we track the statutory renewal date and send 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 $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The term is set on the carrier’s application; the premium covers the period shown there.
Renewal falls on the statutory date, June 30, in the year your term ends.
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 the commissioner. Your executed bond arrives by email, ready to file with the Department of Banking and Consumer Finance alongside your application, fingerprints, and license fee. The bond is not valid until the commissioner approves it.
What sets the price
The premium is fixed at $500 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it 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 county, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Mississippi bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your title pledge license today.
$500 flat, issued the moment you pay, soft pull only. Free until issued.