SC structured settlement bonds.
$525 flat.
A company that buys structured settlement payment rights from South Carolina payees has to register with the Secretary of State and certify a $50,000 bond payable to the State. Ours is $525 flat, and the price you see is the price at checkout. The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score.
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Three steps. One sitting.
The Secretary will not process a registration without a copy of the bond in the packet, so this is the piece to get done first. The whole process:
Apply online
Company details, a short set of commercial questions, the mailing address for the original, and an effective date. No financials and no underwriting call.
Pay & e-sign
Registration bonds like this are among the thousands of bond types that issue right after purchase. If a check ever runs it is a soft pull that will not touch your score. At most, 1–2 business days.
File with the Secretary of State
Your executed bond arrives by email, ready to attach to the initial or renewal registration. The Secretary wants a copy with each application; the wet-ink original is mailed to you.
What it is and who needs it.
What the structured settlement bond actually guarantees
A structured settlement pays an injured claimant over years instead of in a lump sum. A structured settlement purchase company — the industry calls it a factoring company, and consumers know it from the ads — buys those future payment rights at a discount and takes over the income stream. South Carolina governs the practice through the Structured Settlement Protection Act at Title 15, Chapter 50.
The Act works on two levels. Every individual transfer has to be approved in advance by a court order after notice and a hearing, with disclosure requirements and, in some cases, a guardian ad litem to advise the court. Separately, the company itself must register with the Secretary of State; the registration is good for one year and must be renewed.
Section 15-50-110 is the bond. Each initial or renewal application carries a sworn certification that the applicant has secured a surety bond payable to the State — or posted a cash bond — in the amount of $50,000, in a form satisfactory to the Secretary, running to the State for the benefit of any payee claimant to secure the company’s faithful performance under the chapter. A copy goes in with every application.
Two details catch people out. First, the bond is effective concurrently with the registration and must remain in effect for not less than three years after that registration expires or terminates — you cannot cancel it the day you stop doing business in the state. Second, it must be renewed each year when the registration renews, and §15-50-140 requires notice of any modification or cancellation. We track the expiry and notify you at 60 and 30 days.
You need this bond if you’re
One application, issued instantly.
These are the actual issuing fields — company details, the mailing address for the original, and a one-time consent that authorizes a soft credit pull only.
Start the application →Common questions.
Other South Carolina bonds.
Registration ready to file today.
$525 flat, soft pull only, bond often issued in the same sitting. Free until issued.