New Hampshire Small Loan Lender Bond |
AmeriPro Surety Bonds | 844-589-9732
Small Loan Lender License – New Hampshire
New Hampshire small loan lender license companies are regulated by the state’s Banking Department. A condition of licensing is that you provide evidence of an active $25,000 surety bond. Meeting the surety bond requirement with our agency is a quick process.
Qualifying and the Premium
You are automatically approved for the $25,000 New Hampshire small loan lender bond. There is no credit check nor review by an underwriter for approval. The bond is issued to you immediately.
We’ll just need the following:
- Complete an application. Again, you are automatically approved, but we’ll need a signed application from you to place on file. The application can be begun with an agent over the phone, but it will require your signature to complete.
- Payment of the premium. The one year premium for your NH small loan lender bond is just $188.
After both of these items are received, our agency issues this bond to you immediately. Your surety bond and the Power of Attorney (POA) form are sent to you by the following business day.
Upon receipt, you’ll sign your bond as Principal, filing it with the POA form to:
State of New Hampshire, Banking Department
21 South Fruit Street, Suite 14
Concord, NH. 03301
Premium Prepayment Options
At $188, the premium for your small loan lender bond will renew on the one year anniversary of its issuance. The option also exists to prepay your bond up to 3 years.
Prepayment of the premium offers you a savings over annual renewals, besides lengthening the time between those premium 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
The purpose of your surety bond is to serve as a financial guarantee of your compliance with all laws relating to small loan lending in New Hampshire, especially Chapter 399-A of the state’s legislative laws.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide small loan lender surety bonds nationwide.
We are also a provide of license and permit surety bonds in all 50 states.
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