Missouri legal funding bonds.
$500 flat.
A company licensed to make consumer legal fundings in Missouri files a $50,000 surety bond with the Division of Finance under the state's Consumer Legal Funding Act. Ours is $500 flat — the price you see is the checkout price — with a short application.
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How much does a Missouri legal funding bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
A fixed-amount licensing bond is about the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date, plus a one-time consent to a soft credit pull. No financials, no follow-up scavenger hunt.
Pay & e-sign
Licensing bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
File with the Division of Finance
Your executed bond and power of attorney arrive by email, ready to file with your consumer legal funding license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Missouri's Consumer Legal Funding Act, RSMo 436.550 to 436.572, licenses and regulates companies that advance money to a consumer with a pending legal claim in exchange for a share of the eventual proceeds. RSMo 436.570 conditions that license on a surety bond satisfactory to the Division of Finance in an amount not to exceed $50,000, filed before the license issues.
It's a three-party arrangement: you (the principal, the licensed funding company), the surety carrier, and the Division of Finance (the obligee). The bond acts as surety for any person or the state for amounts that become due from the applicant under the Act, and it runs for the benefit of anyone harmed by a licensee's violation of the Consumer Legal Funding Act or the Division's rules.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay active for the life of your Missouri consumer legal funding license, so we track it and notify you well before renewal to keep your filing continuous.
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 premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
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 Division of Finance. Your executed bond and power of attorney arrive by email, ready to file with your consumer legal funding license application or renewal. Wet-ink original mailed on request.
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, including a one-time consent to a soft credit pull. The pull never affects your score, and your price is fixed at $500.
Start the application →Common questions.
Other Missouri bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Your Missouri license, bonded today.
$500 flat, soft pull only, bond often issued in the same sitting. Free until issued.