This surety bond is required by the State of Illinois, Department of Financial & Professional Regulation, Division of Financial Institutions, under the Payday Loan Reform Act (815 ILCS 122/). The bond ensures that you will faithfully conform to and abide by each and every provision of the Payday Loan Reform Act and will pay to the State and to any person or persons from said obligors and has a mandatory expiration date of 12/31 each year. The required bond amount varies, but regardless of the bond amount you need, Surety1 will be able to provide it quickly and at the most competitive price.
To Secure an Illinois Payday Loan Reform Act Licensee 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.