Lenders who provide consumer loans in Louisiana are licensed and regulated by the state’s Office of Financial Institutions.
The Office rule which requires that a loan broker obtain a $25,000 surety bond applies only to the loan brokerage company; employees of a loan broker are not required to maintain their own separate surety bond.
Obtaining your loan broker surety bond through our agency takes a matter of minutes. We also present you with a number of premium options.
Our agency offers you the Louisiana loan broker bond with no credit check nor underwriter review. You are approved for this surety bond.
In other words, after completion of a surety bond application (which can be taken over the phone with the assistance of our surety agent, but will require your signature) and payment of the premium, the bond is issued to you immediately.
The premium for the loan broker bond is $188.
After the payment for the first year premium is received, we can email you a copy of your surety bond; however, the Office of Financial Institution only accepts original bonds. The original surety bond will be sent to you in the mail by the following day.
You will also need to sign the bond as Principal before filing with the state.
At $188, the Louisiana loan broker bond is active for one year. Thereafter you will need to renew your surety bond and pay the premium again.
Our agency also offers you the ability to prepay this bond for 2 or 3 years. Besides increasing the frequency between renewals, you are given a savings over renewing your bond each year.
The premium prepayment options and savings are as follows:
The purpose of your bond is to serve as a financial guarantee which ensures your compliance with Louisiana statutes LSA-R.S. 9:3572.1 - 3572.12 and any future amendments or additions to this law. The protections afforded by this surety bond are for the benefit of the Louisiana consumer and the Office of Financial Institutions.
AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit surety bonds throughout Louisiana. We also provide surety bonds nationwide.
Please contact our agency today at:
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