The State of Louisiana, State Treasurer requires this surety bond in the amount of $25,000 under LA RS 51:1911. The bond is in place to help anyone who suffers damage or loss as a result of the loan broker’s breach of contract or by any violation of law, and for the attorney general seeking additional relief under LA R.S. 51:1405. In most cases, the premium on this bond is as little as $188.
To Attain a Louisiana Loan Broker’s 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.