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 |
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!
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