Alabama Consumer Credit License Bond
Consumer credit licensees in Alabama are required to post a $25,000 to $75,000 surety bond, depending on the dollar amount of loans from the previous year, based on the following table.
| Aggregate Loan Amount | Bond Amount Required | Annual Premium |
| $0 - $25,000,000 | $25,000 | $150 |
| $25,000,001 - $100,000,000 | $50,000 | $300 |
| Over $100,000,000 | $75,000 | $450 |
Overview
Businesses holding a consumer credit license in the state of Alabama must post an Alabama consumer credit license bond. The Alabama State Banking Department requires this bond to provide financial protection and guarantee a business's regulatory compliance with state regulations.
The Simple Bonding Process
View your price or request a free quote
Discover unbeatable value with coverage options tailored to your needs.
Sign your contract and pay the premium
Seal the deal and ensure protection and peace of mind for your business.
Receive your surety or fidelity bond
Expect a speedy turnaround. Our typical turnaround time is 24 hours or less.
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