This bond is required for companies in Vermont that provide funding to people involved in lawsuits. These companies give cash advances to plaintiffs waiting for their cases to settle. The $50,000 bond protects consumers by ensuring the funding company follows Vermont's laws and operates honestly. If the company breaks…
Overview
What it is.
This bond is required for companies in Vermont that provide funding to people involved in lawsuits. These companies give cash advances to plaintiffs waiting for their cases to settle. The $50,000 bond protects consumers by ensuring the funding company follows Vermont's laws and operates honestly. If the company breaks…
Who usually needs it
Companies engaging in consumer litigation funding in Vermont that enter secured loan transactions where they purchase and receive assignment of a consumer's contingent right to potential net proceeds from a legal claim's settlement or judgment must obtain this bond as a core licensing condition.
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.
StateVTBond amount$50,000ObligeeState of VermontBond classLicense BondCategoryFinancial ServicesBondVermont Consumer Litigation Funding Company BondJurisdictionStatePlain descriptionThis bond is required for companies in Vermont that provide funding to people involved in lawsuits. These companies give cash advances to plaintiffs waiting for their cases to settle. The $50,000 bond protects consumers…Who needs this bondCompanies engaging in consumer litigation funding in Vermont that enter secured loan transactions where they purchase and receive assignment of a consumer's contingent right to potential net proceeds from a legal claim'…
