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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 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

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