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Platinum Bonds Insurance Agency

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Bond of Check Seller

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…

Bond amount$25,000
State or jurisdictionCalifornia
ObligeeCalifornia Department of Financial Protection and Innovation

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Amounts can vary

Selected requirement: $25,000. Other available requirements: "$25,000 for bill payers and proraters; $500,000 for check sellers. If the licensee uses agents, the bond amount is $500,000 plus $5,000 for each additional location, not to exceed $2,000,000.". Exact options still depend on the obligee, state, and underwriting.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
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 varies by instrument type.

Your quote determines the actual premium.

Typical timeframe

General application — typically 1–3 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

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23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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