Washington consumer loan company bonds.
From $180.
Washington’s Department of Financial Institutions licenses consumer loan companies under the Consumer Loan Act, and RCW 31.04.045 requires a surety bond for the license. The amount starts at $30,000 and scales with your annual origination volume. The premium is 0.6% of the bond amount, $180 at the $30,000 statutory minimum.
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How much does a Washington consumer loan company bond cost?
0.6% of the bond amount, from $180 at the $30,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip on the consumer loan bond — enter your amount, pay, and upload to NMLS. Here is the whole thing:
Apply online
Company details, your Washington UBI and NMLS unique identifier, the bond amount, and an effective date. No credit check up to $150,000.
Pay & e-sign
Your exact price appears before you pay — 0.6% of the bond amount, $180 at the $30,000 statutory minimum — and the executed bond and power of attorney generate the moment you pay.
File through NMLS
Your executed bond arrives by email, ready to upload to your NMLS record and satisfy the DFI Division of Consumer Services. Wet-ink original mailed on request.
What it is and who needs it.
What the consumer loan bond guarantees
Washington licenses consumer lenders and residential mortgage servicers under the Consumer Loan Act, chapter 31.04 RCW, administered by the Department of Financial Institutions, Division of Consumer Services, with applications filed through NMLS. RCW 31.04.045 requires the applicant to file a surety bond that runs to the state of Washington as obligee, for the use and benefit of the state and of any person who has a cause of action against the licensee.
The bond stands behind the money that becomes due to the state and to borrowers under the chapter — the licensing, disclosure, and conduct rules that govern consumer lending here. The statute sets a floor of $30,000 and directs the director to scale the amount by the annual dollar volume of loans originated or residential mortgage loans serviced.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay continuously on file for the life of the license, so 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. Your executed bond arrives by email, ready to upload to your NMLS record and satisfy the DFI Division of Consumer Services. Wet-ink original mailed on request.
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 $150,000.
One application, issued instantly.
These are the actual issuing fields — company details, your UBI and NMLS ID, the bond amount, and an effective date.
Start the application →Common questions.
Other Washington bonds.
Price and requirements checked on the carrier’s application, .
Finish your consumer loan license filing today.
0.6% of the bond amount — $180 at the $30,000 statutory minimum, issued the moment you pay. Free until issued.