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California Consumer Finance Lender Bond (CFL)

Licensees licensed under the California Financial Law (CFL) must obtain a surety bond in an amount based upon the aggregate funded loan volume the previous year. The bond amount varies from $25,000 to $200,000, according to the scale below defined by the DFPI. The CFL license bond does require financial qualification (principal credit check, personal financial statement of owners, and company financial statements). The bond premium (cost) is 1% of the bond amount and requires personal indemnification from the principal(s). Bonds are issued electronically in the NMLS system (ESB).

DFPI Bond Amount Scale

Aggregate Loan Amount Bond Amount Required
$0 - $1,000,000 $25,000
$1,000,001 - $50,000,000 $50,000
$50,000,001 - $500,000,000 $100,000
Over $500,000,001 $200,000

The Simple Bonding Process

Request a free quote or view your price
Take the first step by requesting a free quote or viewing the price to discover unbeatable value.
Sign your contract and pay the premium.
Buy right now or easily get a quote for your surety bond.
Receive your surety or fidelity bond.
It's just that easy!
Have Questions? Call or Contact Us for a Quick Quote