1 (844) 589-9732

The Washington D.C. money lender bond is filed through NMLS. The bond is a $5,000 requirement, per location. Our agency offers this bond up to $25,000 (5 locations) without a credit inquiry. Please call AmeriPro Surety Bonds today at:      844-589-9732.

Washington D.C. Money Lender Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of Washington D.C. Money Lenders

 

 

 

Money lenders operating in D.C. are licensed and regulated by the District’s Department of Insurance, Securities and Banking Bureau.

Your licensing and surety bond are electronically filed through NMLS, the Nationwide Mortgage Licensing System. Upon issuance of your bond, our agency can either electronically file your bond to NMLS, or provide you with the paper copy to do on your own.

The bond amount required by DISB is $5,000 per location.

 

 

 

Qualifying and the Premium

 

 

 

You can have up to 5 locations of your D.C. money lender business, a $25,000 surety bond requirement, and be approved through our agency without a credit check.

As an example, the premium for a $25,000 Washington D.C. money lender bond will be $188 annually.

Amounts greater than $25,000 will require a signed (but, fortunately, short) surety bond application, along with an underwriter review which includes a credit check inquiry. To be approved, good credit will be required.

Once your money lender surety bond has been approved and the premium paid, our agency will issue your bond to you immediately.

From that point, our agency can either file your bond on your behalf electronically through NMLS, or we can send you the original bond for filing to NMLS.

 

 

 

Premium Prepayment Options

 

 

 

Additionally, if you do not anticipate either an increase or decrease in the number of your D.C. money lender locations, you may prepay your bond’s premium up to 3 years.

Prepayment of your premium allows you a savings over annual renewals, in addition to lengthening the time between renewals.

All money lender surety bond amounts have prepayment options.

 

 

 

Purpose Of Your Surety Bond

 

 

 

Your D.C. money lender bond is a financial guarantee of your full compliance with the District of Columbia’s Loan Shark Law, as amended.

 

 

 

About Our Agency

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Washington D.C. and 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…

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