Any individual or corporation engaging in the business of a check seller, bill payer, or prorater (including debt management and debt settlement services). Required when: Application for a license under the Check Sellers, Bill Payers and Proraters Law. Exemptions: Banks, trust companies, and savings and loan associati…
Overview
What it is.
Any individual or corporation engaging in the business of a check seller, bill payer, or prorater (including debt management and debt settlement services). Required when: Application for a license under the Check Sellers, Bill Payers and Proraters Law. Exemptions: Banks, trust companies, and savings and loan associati…
Who usually needs it
Any individual or corporation engaging in the business of a check seller, bill payer, or prorater (including debt management and debt settlement services).
Pricing & timing
What to expect.
Generic pricing
Lost instrument bonds replace lost financial documents such as checks, stock certificates, bonds, or promissory notes. Typical Pricing:. • Smaller amounts: Often a flat fee or minimum premium. • Larger amounts: Commonly around 1–5% of the instrument's face value. • Credit check: May be required depending on the amount. Bond amounts are typically set at 100–200% of the instrument's face value. The issuing institution (bank, corporation, etc.) determines the bond requirements. Processing time…
Typical timeframe
General application — typically 1–3 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCABond amount$25,000Term lengthContinuousObligeeCalifornia Department of Financial Protection and InnovationRenewalThe bond is continuous and remains in full force and effect until cancelled by the surety. Licensees must file annual reports and pay annual assessments to maintain the license.Bond classLost Instrument BondCategoryFinancial ServicesBondBond of Check SellerStatutory referenceCalifornia Financial Code Section 12206JurisdictionState
