1 (844) 589-9732

North Dakota Deferred Presentment Service Provider Bond

The North Dakota deferred presentment service provider bond is offered by AmeriPro Surety Bonds. Please call us at 844-589-9732.

North Dakota Deferred Presentment Service Provider Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of Deferred Presentment Service Providers

 

 

 

Deferred presentment service providers (businesses which offer “payday loans”) in North Dakota are licensed and regulated by the state’s Division of Financial Institutions.

While the Division regulates your business, your licensing – new or renewal — is filed through NMLS, the Nationwide Mortgage Licensing System.

The surety bond amount required of you is determined by your receivables as of the “high point” of North Dakota receivables by March 31st. Here are the breakdowns of amounts required.

  • Up to $100,000 – $20,000 surety bond;
  • $100,000 to $250,000 – $50,000 surety bond;
  • $250,000 or more – $75,000 surety bond.

 

 

 

Qualifying and the Premium

 

 

 

For the $20,000 ND deferred presentment service provider bond surety amount, there is no credit check, and the premium is just $150, annually. We’ll need a signed application from you before we issue the bond, but there is no review by an underwriter.

The $50,000 and $75,000 require both a signed application and a review by an underwriter. As part of the underwriting process, a credit check is required.

To be approved, good credit is required of your business. The premiums upon approval are as follows:

  • $50,000 surety bond amount — $375, annually;
  • $75,000 surety bond amount — $563, annually.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

The North Dakota payday loan bond is a financial guarantee of your compliance with North Dakota Century Code Chapter 13-08, as amended.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides payday loan surety bonds wherever required nationwide.

Our agency is also a provider of license and permit, court, probate, and fiduciary bonds. We provide other surety bonds throughout North Dakota, and we provide these surety bonds nationwide.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

 

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Garnishment Bond

Indiana Garnishment Bond AmeriPro Surety Bond | 844-589-9732   Surety Bond; Purpose and Amount   As plaintiff in an Indiana civil court proceeding, the court may allow you, prejudgment, to seize the account, assets, or wages of the adverse party.  The seized...

Indiana Attachment Bond

Indiana Attachment Bond AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   An Indiana attachment order (aka ‘writ of attachment’ or ‘plaintiff’s attachment’) allows you, the plaintiff in a civil litigation proceeding, to seize and take...

Ohio Garnishment Bond

Ohio Garnishment Bond AmeriPro Surety Bonds | 844-589-9732   Surety Bond: Definition, Amount, and Purpose   An Ohio garnishment order allows a plaintiff in a civil litigation proceeding to seize the assets, wages, or accounts of a defendant, prejudgment.  A...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)