OK small lender bonds.
1% of the bond amount.

The license bond an Oklahoma small lender files with the Department of Consumer Credit under the Oklahoma Small Lenders Act. The Act sets the amount 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, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.

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Required to license as an Oklahoma small lender under the Small Lenders Act (59 O.S. §§ 3150 et seq.)

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$25,000 per licensed location — aggregate capped at $200,000

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1% of the bond amount, $100 minimum — your exact price appears at the application

1% rate$100 minimumInstantissuance at checkoutExactprice at the application

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How it works

Apply to filed in 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:

TODAY · ONLINE

Apply online

Your business details, the bond amount your license covers, and an effective date — that is the entire application. The audited financial statement goes to the Department, not to us.

INSTANTLY

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.

SAME DAY

File through NMLS

Submit the executed bond with your Oklahoma small lender license record. Wet-ink original mailed on request.

About this bond

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.

59 O.S. §§ 3150 et seq. (Oklahoma Small Lenders Act)The Oklahoma Small Lenders Act, 59 O.S. §§ 3150–3150.27, requires a license from the Department of Consumer Credit for anyone making small loans as defined by the Act, effective August 1, 2020. Licensing criteria include financial security — a small loan company surety bond or an irrevocable letter of credit — in the amount of $25,000 per location, not to exceed an aggregate of $200,000, plus an audited financial statement showing $50,000 of tangible net worth per location. Licenses expire December 31 each year.

You need this bond if you're

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Applying for an Oklahoma small lender license — new applicants filing with the Department of Consumer Credit

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Making small loans in Oklahoma as the Small Lenders Act defines them

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Adding licensed locations that raise your required amount by $25,000 each, up to the $200,000 cap

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Renewing your small lender license before the December 31 expiration

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 →

FAQ

Common questions.

How much is the Oklahoma small lender bond?The premium is 1% of the bond amount, with a $100 minimum. A single $25,000 location prices at 1% of $25,000; a multi-location licensee prices at 1% of the built-up figure, up to the $200,000 cap. Your exact price appears at the application, before you pay.

How do I know my bond amount?The Small Lenders Act sets it at $25,000 per licensed location, not to exceed $200,000 in the aggregate. Count the locations on your license, or check the figure the Department of Consumer Credit listed on your packet, and enter that number.

Do I pay the bond amount?No. The bond amount is the surety's maximum liability if a valid claim is made — not a deposit, and nobody holds your money. You pay the premium, which is 1% of that amount with a $100 minimum.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 1% of the bond amount either way.

How is this different from the supervised lender license?They are separate licenses under separate statutes. The small lender license comes from the Small Lenders Act at 59 O.S. §§ 3150 et seq.; the supervised lender license comes from the Consumer Credit Code at 14A O.S. § 3-503, with a much smaller bond. Both are issued by the Department of Consumer Credit.

Related bonds

Other Oklahoma bonds.

Small lender bond, issued today.

1% of the bond amount, $100 minimum. Enter your amount, see the exact price, and file the same day.

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Your premiumfrom $100

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