Alaska Small Loan Company Bond |
AmeriPro Surety Bonds | 844-589-9732
Alaska Small Loan Companies — Licensing
Small loan companies in Alaska (payday lenders) are licensed and regulated by the state’s Department of Commerce. You are required to obtain a $25,000 surety bond as a prerequisite for licensing.
Qualifying and the Premium
There is no credit check for the $25,000 Alaska small loan company bond, and you are automatically approved for its issuance. The premium is just $188 annually.
When you call us, we’ll ask you for the name that should appear on your bond. This name needs to exactly match any other paperwork that you’ll be filing.
After payment of the premium, our agency your small loan company bond to you immediately along with a Power of Attorney (POA) form.
Upon receipt by mail, you’ll sign your bond as Principal, filing it along with your POA form to:
State of Alaska, Department of Commerce
Community & Economic Development
P.O. Box 110807
Juneau, AK 99811
Premium Prepayment Options
The premium for your Alaska small loan company bond will renew on the 1 year anniversary of its issuance.
The option exists to prepay your bond up to 3 years. Prepayment of your premium saves you over annual renewals. The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $338, a $38 savings;
- If prepaid for 3 years, the premium is $489, a $75 savings.
Purpose of Your Surety Bond Requirement
Your surety bond is a financial guarantee of your compliance with Alaska statutes 06.50, as amended. This is also referred to as the Deferred Deposit Advance Act.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, probate, and court surety bonds throughout Alaska.
Our agency is also a provider of surety bonds in all 50 states.
Please call us today at:
Or, you may fill out the form below and a Surety Agent will contact you…