Oklahoma consumer litigation funder bonds.
$500 flat.
Oklahoma licenses consumer litigation funders through the Department of Consumer Credit under the Consumer Litigation Funding Act, and the Administrator conditions that license on a $50,000 bond (14A O.S. § 3-810). Ours is $500 flat.
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How much does an Oklahoma consumer litigation funder bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
The bond is the one moving part of the licensing packet that does not take the Department 60 days. Here is the whole thing:
Apply online
Your entity type, business details, years in business, and an effective date. No financial statements, no schedule of open funding agreements.
Pay & e-sign
The price is final before you pay, and the executed bond and power of attorney generate on the spot. Any credit screen here is a soft pull that leaves your score untouched.
File with the Department of Consumer Credit
Send the executed bond with your license application or your renewal package — the Department wants a certified copy of a current bond on file. Wet-ink original mailed on request.
What it is and who needs it.
What the consumer litigation funder bond guarantees
A consumer litigation funder buys a contingent, non-recourse right to part of the proceeds of a consumer's pending legal claim — the consumer takes money now and repays the funded amount plus the agreed charges only if the case resolves in their favor. Because the consumer is often injured, out of work, and negotiating under pressure, Oklahoma put the whole business under the Department of Consumer Credit rather than leaving it to contract law.
The bond is the consumer-facing half of that supervision. It is a three-party instrument: you (the principal), the surety carrier, and the Department as obligee, with funded consumers as the protected parties. If a licensed funder practices fraud, collects charges the Act does not allow, pays or accepts a prohibited referral fee, or otherwise violates the licensing law, a harmed consumer has something to recover against.
It is not insurance for you. If the surety pays a claim, you reimburse the surety. The Act lets you post an irrevocable letter of credit instead, but that ties up $50,000 of bank collateral for a year; the bond is a one-time premium. Bond terms run concurrent with the licensing period, so we track the December 31 expiry and remind you at 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 bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, 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 Department of Consumer Credit. Send the executed bond with your license application or your renewal package — the Department wants a certified copy of a current bond on file. 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. The application carries a credit consent, and it authorizes a soft inquiry only.
Start the application →Common questions.
Other Oklahoma bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
File the bond, then start the 60-day clock.
One short application, a soft pull at most, and an executed bond ready for the Department of Consumer Credit. Free until issued.