This surety bond is required by the Indiana Secretary of State under IC 23-2-5. The bond ensures that the Loan Broker will comply with the provisions of IC 23-2-5 and will pay to any person entitled all damages caused by the Loan Broker-s non-compliance to said Act. The bond amount varies based on the previous year’s loan volume as follows:
$50,000- Less than $5 million
$60,000- More than $5 million, less than $20 million
$75,000- More than $20 million
To determine the cost of this bond, simply complete our easy online application.
To Attain an Indiana Loan Broker 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.