California Deferred Deposit Transaction Law Licensee Surety Bond

A deferred deposit transaction is where a person or entity defers depositing a customers personal check until a specific date in the future, pursuant to a written agreement between the two parties.  This is a form of loan commonly referred to as a payday advance, payday loan, post dated check loan, check advance loan.

In the state of California, all Deferred Deposit Transaction Law Licensee's are required to post a $25,000 Surety Bond payable to the Commissioner of Corporations and is for the recovery of expenses, fines and fees assessed for losses or damages incurred by the consumer as a direct result of noncompliance by the licensee.

Get started now!  Follow the link below to apply for your California Deferred Deposit Transaction Law Licensee Surety Bond and let our expert staff get the bond you need at the lowest possible price!  

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