Vermont loan solicitation bonds.
From $150.
Vermont licenses loan solicitation companies through the Department of Financial Regulation, and 8 V.S.A. § 2203 requires the licensee to maintain a surety bond of at least $25,000, or whatever larger amount the Commissioner sets, running to the State. The premium is 0.6% of the bond amount.
Trusted by industry leaders
How much does a Vermont loan solicitation bond cost?
0.6% of the bond amount, from $150 at the $25,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Loan solicitation bonds are a filing, not a negotiation. Here's the entire process:
Apply online
Business details, the bond amount DFR set, an effective date, and a term. That is the application. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Pay & e-sign
The premium is 0.6% of the bond amount, so your exact price is on screen before you pay — and the executed bond and power of attorney generate the moment you do.
File through NMLS
Vermont takes this bond electronically through NMLS. Your executed bond arrives by email and we upload the electronic surety bond for you to authorize on your NMLS Tasks tab.
What it is and who needs it.
What the bond actually guarantees
Vermont treats loan solicitation as its own licensed activity: offering, soliciting, brokering, arranging, placing, or finding a loan for a prospective Vermont borrower — including lead generation and advertising those services. The license does not carry authority to make loans, and it is administered by the Commissioner of Financial Regulation.
8 V.S.A. § 2203 conditions the license on a surety bond of not less than $25,000, or in such other amount as the Commissioner may require. The bond runs to the State of Vermont for the use of the State and of any person who may have a cause of action against you — so a harmed Vermont borrower can reach it directly.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay continuously on file for the life of the license, so we track your 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. Vermont takes this bond electronically through NMLS. Your executed bond arrives by email and we upload the electronic surety bond for you to authorize on your NMLS Tasks tab.
What sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. 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.
These are the actual issuing fields — business details, the bond amount DFR set, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Vermont bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your DFR loan solicitation filing today.
0.6% of the bond amount, issued the moment you pay. Free until issued.