This surety bond is required by the State of Montana Department of Administration under MCA Section 31-1-705. The bond ensures that the bond holder will not cause a violation of the Montana Deferred Deposit Loan Act. The required amount is $10,000 for each location at or from which deferred deposit loan transactions are conducted with consumers in Montana. In most cases, the premium on this bond is as little as $100.
To Secure a Montana Deferred Deposit Loan 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.