This bond is required for businesses in Pennsylvania that operate as consumer discount companies, which offer discounted prices or special buying privileges to members or customers. The state requires this $5,000 bond to protect consumers from potential financial harm if the company fails to honor its agreements or en…
Overview
What it is.
This bond is required for businesses in Pennsylvania that operate as consumer discount companies, which offer discounted prices or special buying privileges to members or customers. The state requires this $5,000 bond to protect consumers from potential financial harm if the company fails to honor its agreements or en…
Who usually needs it
Consumer discount companies operating in Pennsylvania that negotiate or make loans or advances of money on credit of $25,000 or less and charge interest, discounts, bonuses, fees, fines, commissions, or other considerations exceeding what unlicensed lenders could charge must obtain this $5,000 surety bond as a condition of licensure.
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.
StatePABond amount$5,000ObligeeCommonwealth of PennsylvaniaBond classLicense BondCategoryOtherBondConsumer Discount CompanyPlain descriptionThis bond is required for businesses in Pennsylvania that operate as consumer discount companies, which offer discounted prices or special buying privileges to members or customers. The state requires this $5,000 bond t…Who needs this bondConsumer discount companies operating in Pennsylvania that negotiate or make loans or advances of money on credit of $25,000 or less and charge interest, discounts, bonuses, fees, fines, commissions, or other considerat…
