North Carolina
Loan Broker Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $10,000

Term Length: 1 year

Cost: $100

Instant Online Purchase & Fast Delivery

1 year term

$100

Save 25% Per Year By Extending Your Bond Term

2 year term - save $25

$175

3 year term - save $50

$250

Multi Year Discount

Save time and money by extending your bond term. Choosing a longer term now means you pay 25% less for your bond each year and skip the annual renewal process.

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How much does a loan broker bond cost in North Carolina?

Loan brokers in North Carolina must post a surety bond in the amount of $10,000.

Because these bonds are subject to underwriting consideration, the price you’ll pay for your bond depends on a review of your personal credit report. Applicants with strong financial credentials could pay as low as $100 for their bonds. Request your free bond quote now!

Bond Type

Cost

$10,000Loan Broker Bond

$100

Why do I need this bond?

By posting a North Carolina loan broker surety bond, principals (loan brokers) pledge to comply with the provisions of the North Carolina Loan Broker Disclosure Act. Prohibited business practices under this bond include, but are not limited to:

Using any untrue or misleading statements in connection with a loan brokerage contract
Failing to comply with the requirements of the Article
Failing to comply with the terms of the contract or any obligation arising from it
Failing to make diligent effort to grant a loan to the prospective borrower
Collecting any advance fees or other valuable consideration from a borrower prior to the closing of the loan

What’s the fine print?

Loan broker bonds in North Carolina remain in full force and effect until canceled or violated. The surety can cancel the bond by giving written notice of cancellation to the principal and the Secretary of State. Cancellation becomes effective 30 days after the surety provides the notice.