This surety bond is required by the State of Delaware, Office of the State Bank Commissioner under Section 2208(a), Title 5 of the Delaware code. It is in place for the benefit of all consumers injured by any wrongful act, omission, default, fraud, or misrepresentation by a licensee in the course of its activity as a licensee. The bond amount varies as follows:
|Annual Volume of Delaware Loans||Minimum Required Bond Amount|
|Not more than $23,000,000||$50,000|
|$83,000,001 and over||$200,000|
To Get a Delaware Licensed Lender Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.