Any person engaging in the business of a finance lender or finance broker in California under the California Financing Law Required when: Application for a license as a finance lender or finance broker Exemptions: Banks, trust companies, savings and loan associations, insurance companies, and certain other federally r…
Overview
What it is.
Any person engaging in the business of a finance lender or finance broker in California under the California Financing Law Required when: Application for a license as a finance lender or finance broker Exemptions: Banks, trust companies, savings and loan associations, insurance companies, and certain other federally r…
Who usually needs it
Any person engaging in the business of a finance lender or finance broker in California under the California Financing Law
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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 remains in effect continuously as long as the license is active. The bond amount must be reviewed and adjusted annually based on the loan volume reported in the licensee's annual report to the DFPI.Bond classLicense BondCategoryFinancial ServicesBondBond of Finance Lender and/or BrokerStatutory referenceCalifornia Financial Code Section 22112JurisdictionState
