Rhode Island Lender License Bond
Flat Rates and No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $10,000 | 1 Year | $100 |
| $20,000 | 1 Year | $120 |
| $50,000 | 1 Year | $300 |
Lenders conducting licensed lending activities in Rhode Island must meet state licensing and bonding requirements. Required by the State of Rhode Island, the Rhode Island lender license bond helps ensure compliance with applicable lending requirements and provides financial protection for covered violations.
Cost of a Rhode Island Lender License Bond
The cost of the Rhode Island lender license bond is $100 for a $10,000 bond, $120 for a $20,000 bond, or $300 for a $50,000 bond per one-year bond term with NNA Surety. Secure this surety bond today.
How the Rhode Island Lender License Bond Works
The Rhode Island lender license bond protects consumers by holding licensed lenders financially accountable for complying with applicable state lending requirements.
The bond involves three parties:
- Principal: Licensed lender
- Obligee: State of Rhode Island
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Rhode Island lending requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Rhode Island Lender License Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $100, $120 or $300 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Rhode Island lender license.
Learn more about your Rhode Island surety bond options across the state.
Get Your Rhode Island Lender License Bond
Keep your Rhode Island licensing requirements on track by securing your lender license bond today. Complete this form or call 855-457-2196 to get bonded.