Payday Loan Bond
Payday Loan surety bonds are required of businesses who offer to lend money to the general public for a short term and at a higher than average interest rate. Most loans are short term in nature and made to parties who cannot otherwise qualify for traditional loan products. These bonds provide protection to the consumers who are borrowing the money from the unethical and illegal acts of the lenders and are a requirement of the state for licensing purposes.
Find your state below to APPLY for your required bond.