Oklahoma small lender bonds.
From $100.
This is the license bond an Oklahoma small lender files with the Department of Consumer Credit under the Oklahoma Small Lenders Act. The Act sets the bond at $25,000 per licensed location, capped at $200,000 in aggregate, so you enter the figure your license covers. Pricing is 1% of the bond amount, $100 minimum.
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How much does an Oklahoma small lender bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip on the small lender bond — enter your amount, pay, and file with the Department. Here is the whole thing:
Apply online
Your business details, the bond amount your license covers, and an effective date — that is the application. The audited financial statement goes to the Department, not to us.
Pay & e-sign
Your exact price appears before you pay, and the bond issues the moment you do — the executed bond and power of attorney generate on the spot.
File through NMLS
Submit the executed bond with your Oklahoma small lender license record. Wet-ink original mailed on request.
What it is and who needs it.
What the small lender bond guarantees
The Oklahoma Small Lenders Act (59 O.S. §§ 3150–3150.27) replaced the old deferred deposit loan license. Since August 1, 2020, no one may make small loans as the Act defines them without a license from the Department of Consumer Credit — and financial security in the form of a surety bond, or an irrevocable letter of credit, is one of the licensing criteria.
The amount tracks your footprint, not your credit: $25,000 per licensed location, not to exceed $200,000 in the aggregate. Applicants also show an audited financial statement with $50,000 of tangible net worth for each location. Licenses run a calendar year and expire December 31.
The bond assures the Department that you will perform the duties the Act imposes, and it pays borrowers harmed by a violation. It is not insurance for you — if the surety pays a claim, you repay the surety. 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 through NMLS. Submit the executed bond with your Oklahoma small lender license record. Wet-ink original 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.
Submit the application with the bond amount your license covers — priced at 1% of that amount, $100 minimum, and issued the moment you pay.
Start the application →Common questions.
Other Oklahoma bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Small lender bond, issued today.
1% of the bond amount, $100 minimum. Enter your amount, see the exact price, and file the same day.