1 (844) 589-9732

South Dakota Money Lender Bond

The South Dakota money lender bond is a $10,000 surety requirement which increases by an additional $2500 per location. Up to a $25,000 amount, our agency offers this bond to you without a credit inquiry. Premiums are very reasonable. Please call AmeriPro Surety Bonds at 844-589-9732.

South Dakota Money Lender Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

South Dakota Money Lender License

 

 

 

Money lender businesses in South Dakota are licensed and regulated by the state’s Division of Banking.

While the Division is the regulatory body for your business, your license is filed through NMLS, the Nationwide Mortgage Licensing System. Our agency can electronically file your bond on your behalf after its purchase.

 

 

 

Qualifying and the Premium

 

 

 

The South Dakota money lender bond is a $10,000 surety bond, with an additional $2500 surety bond amount required per additional location. Up to a $25,000 surety bond requirement, our agency issues this bond to you immediately and without a credit inquiry.

Essentially, when you call us, we’ll ask you the name, exactly as it should appear on your surety bond, along with your business address, phone number, and email.

Although there is no credit check, we’ll still require a signed application from you.

To give you an idea as to annual premiums, a $10,000 surety bond amount will have an annual premium of $100; a $25,000 surety bond will have an annual premium of $188.

After payment of the premium, we’ll issue the bond to you immediately, and file it on your behalf to NMLS, unless you request otherwise.

The Division’s address is:

State of South Dakota, Division of Banking

1601 N. Harrison Avenue, Suite 1

Pierre, South Dakota 57501

 

 

 

Premium Prepayment Options

 

 

 

The premium payment associated with your SD money lender bond is active for one year and renews on the anniversary of its issuance. Our agency also offers you the opportunity to prepay your premium up to 3 years, thereby offering you a savings over year to year renewals.

This option works best for those businesses who will not be increasing or decreasing the number of locations for the surety bond term.

As an example, a $10,000 surety bond will have a premium of $180, if prepaid for 2 years (a savings of $20); and a premium of $260 if prepaid for 3 years, a savings of $40. Other surety amounts have corresponding savings proportionate to the amount required.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

Your money lender bond is a requirement as per the South Dakota Legislative Council 54-4. It is a financial guarantee of your compliance with all laws related to money lending; and it is a financial guarantee that any money owed to the state of South Dakota or any person will be paid within the calendar year of your surety bond.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide money lender surety bonds wherever required nationwide.

Our agency is also a provider of license and permit, probate, court, and other surety classifications in all 50 states.

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 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 Replevin Bond

Indiana Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Indiana Action of Replevin; Surety Bond and Purpose       An replevin action takes place in a civil litigation proceeding. The Plaintiff, permitted by order of the presiding...

Illinois Probate Bond

Illinois Probate Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       Probate is the legal process of “proving” a will. Probate may also be required when a decedent is intestate, that is, dies without a will, to...

Illinois Replevin Bond

  Illinois Replevin Bond AmeriPro Surety Bonds | 844-589-9732     Surety Bond; Purpose And Amount       An action of replevin, alternately referred to as a “writ of attachment” or sequestration, occurs when a Plaintiff, in a civil...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)