This surety bond is required by the State of Illinois, Department of Financial Institutions, in the amount of $25,000. This bond is in compliance with Illinois Administrative Code Title 38, Chapter I, Part 110 and the Consumer Installment Loan Act (205 ILCS 670/2). It ensures that companies will abide by the rules set forth by the Director of Financial Institutions, including the regulations found in the Installment Loan Act, and that companies will pay the State all sums due. In most cases, the premium on this bond is as little as $250.
To Attain an Illinois Consumer Installment Loan Act 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.