California Consumer Finance Lender Bond (CFL)
DFPI Surety Bond Amount Scale
CFL licensees must obtain a surety bond in an amount based on the previous year’s aggregate funded volume according to the following table:
| Aggregate Loan Amount | Bond Amount Required | Annual Premium |
| $0- $1,000,000 | $25,000 | $250 |
| $1,000,001- $50,000,000 | $50,000 | $500 |
| $50,000,001- $500,000,000 | $100,000 | $1,000 |
| Over $500,000,001 | $200,000 | $2,000 |
Overview
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 bond premium (cost) is 1% of the bond amount. Bonds are issued electronically in the NMLS system (ESB).
- No credit check is required
- No financials required
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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