VT loan solicitation bonds.
0.6% of the bond amount, $100 minimum.

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, $100 minimum, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.

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Required to hold a Vermont loan solicitation license under 8 V.S.A. § 2203

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Not less than $25,000 — or the larger amount the Commissioner requires of you

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0.6% of the bond amount, $100 minimum — exact price at the application, issued instantly

0.6% rate$100 minimumInstantissuance at checkoutSoft pullnever a hard inquiry

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How it works

Three steps. One sitting.

Loan solicitation bonds are a filing, not a negotiation. Here's the entire process:

NOW · ONLINE

Apply online

Business details, the bond amount DFR set, an effective date, and a term. That is the entire application — no financial statements, and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

The premium is 0.6% of the bond amount with a $100 minimum, so your exact price is on screen before you pay — and the executed bond and power of attorney generate the moment you do.

SAME DAY

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.

About this bond

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.

8 V.S.A. § 2203Section 2203 of Title 8 sets the bonding condition for licenses issued under Chapter 73. For a loan solicitation licensee it requires a surety bond "in an amount not less than $25,000.00 or in such other amount as the Commissioner may require" — the Commissioner weighs the volume of loans solicited when setting a higher figure. The bond runs to the State for the use of the State and of any person who may have a cause of action against the obligor, conditioned on the licensee faithfully conforming to and abiding by the chapter and paying the monies due under its terms. Confirm your exact amount on your DFR/NMLS licensing checklist.

You need this bond if you're

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Applying for a Vermont loan solicitation license — new applicants filing through NMLS

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Generating leads for lenders — soliciting or advertising loans to prospective Vermont borrowers

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Renewing your license — the bond must stay continuously on file with DFR

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Raising your bond after the Commissioner set a higher amount than the $25,000 floor

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 entire application.

Start the application →

FAQ

Common questions.

How much is the Vermont loan solicitation bond?The premium is 0.6% of the bond amount, with a $100 minimum. The bond amount itself starts at the $25,000 statutory floor in 8 V.S.A. § 2203 and can be set higher by the Commissioner — your exact price appears at the application, before you pay.

Do I pay the $25,000?No. You pay the premium. The $25,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

How fast will I have the bond?It issues the moment you pay — your e-signed bond and power of attorney arrive by email, and the electronic surety bond goes up in NMLS for you to authorize.

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 0.6% of the bond amount either way.

Who requires the bond, and where does it get filed?The Vermont Department of Financial Regulation, Banking Division, which licenses loan solicitation companies under 8 V.S.A. Chapter 73. Vermont takes the filing electronically through NMLS — the bond runs to the State of Vermont as obligee.

Related bonds

Other Vermont bonds.

Finish your DFR loan solicitation filing today.

0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

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Your premiumfrom $100

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