The Nebraska Department of Banking and Finance is the regulatory body which oversees delayed deposit services companies.
The standard requirement is that you furnish a $50,000 surety bond as a condition of licensing. According to the Department, in some individual cases, the bond required may be a greater than the $50,000 amount; however, in no case will the amount exceed $100,000 surety bond.
Qualifying for the $50,000 Nebraska delayed deposit services bond involves completing an application --- which we’ll begin with you over the phone --- and undergoing a credit score review.
To qualify through our agency, an applicant will need to have good credit.
If you are approved, the $50,000 surety bond amount will cost you $375; a $100,000 surety bond will have a $750 premium.
Once the bond is issued, if you use NMLS, we can electronically file the bond on your behalf. Otherwise, we will have the bond sent along with the Power of Attorney form on payment of premium.
You will sign and file the original surety bond with the Department.
At $375 premium, the Nebraska delay deposit services bond is issued for a one year period. Thereafter, your surety bond and the premium both renew.
Your bond may be prepaid for up to 3 years, thereby offering you a savings over annual renewals. The premium prepayment amounts and savings are as follows:
As stated within Nebraska Revised Statute 45-906, the purpose of your surety bond is a financial guarantee which ensures your compliance with all laws and regulations involved in your professional practice.
The bond also serves as a guarantee that should there by any deposit services business-related judgments against your company, these will be recovered promptly.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Nebraska.
Our agency also provides surety bonds nationwide.
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