North Carolina Loan Broker Surety Bond
Simple, Fast North Carolina Loan Broker Bond
Term Options
Renew less often, save time and money by choosing a longer bond term!
Additional term options available below under Additional Information & Shipping.
General Information
North Carolina loan brokers must file a $10,000 surety bond with the North Carolina Securities Division before advertising or arranging loans for consumers. BondAbility issues this bond instantly with no application, no credit check, and fast email delivery after purchase.
Why Do I Need a North Carolina Loan Broker Surety Bond?
Under North Carolina’s Loan Broker Disclosure Act (N.C.G.S. §66-106 through §66-112), loan brokers must maintain a $10,000 surety bond or trust account as a condition of doing business. The bond is in favor of the State of North Carolina and helps protect borrowers if a loan broker violates the law or fails to perform under a written loan brokerage contract.
If a borrower suffers financial loss due to fraud, misrepresentation, or other violations of N.C.G.S. §66-108 and related provisions, they may bring an action against the bond to recover actual damages, up to the $10,000 bond amount.
Operating as a loan broker without the required bond or trust account is prohibited and may result in penalties and an inability to legally offer loan brokerage services in North Carolina.
Fast & Simple Bond Solutions – No Application or Credit Check Required
- No credit check. Everyone qualifies at the same low rate.
- Instant issue. Purchase online and your bond is issued instantly.
- Fast email delivery. Download and print your bond right away.
- Multi-year discounts. Save money with 2- and 3-year terms.
North Carolina Loan Broker Bond Pricing
| Bond Amount | Bond Term | Premium Cost |
|---|---|---|
| $10,000 Bond | 1 Year | $100 |
| $10,000 Bond | 2 Years | $175 (Save $25) |
| $10,000 Bond | 3 Years | $250 (Save $50) |
Your bond is available for instant download immediately after purchase.
Get your North Carolina Loan Broker Bond in minutes. No application or credit check required.
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How To Get Licensed as a North Carolina Loan Broker
- Review North Carolina’s Loan Broker Disclosure Act. Understand the requirements in N.C.G.S. §66-106 through §66-112, including disclosures, written contracts, and restrictions on fees.
- Secure your $10,000 surety bond. Purchase your North Carolina Loan Broker Surety Bond from BondAbility and keep the original or electronic copy with your records.
- Comply with advertising and contract rules. Make sure your loan brokerage contracts and any advertising meet the disclosure requirements outlined in N.C.G.S. §66-108.
- Maintain your bond continuously. Keep your bond in force for as long as you are acting as a loan broker in North Carolina. Renew on time to avoid any gaps in coverage.
Bond Details at a Glance
- Bond Type: North Carolina Loan Broker Surety Bond
- Required Bond Amount: $10,000
- Bond Term Options: 1, 2, or 3 years
- Price: Starting at $100 for 1 year
- Credit Check Required: No
- Application Required: No
- Obligee: North Carolina Securities Division
- Bond Form Amount: $10,000 in favor of the State of North Carolina
Frequently Asked Questions
How much does a North Carolina Loan Broker Surety Bond cost?
Pricing starts at $100 for a 1-year term, with discounted 2- and 3-year options available. There is no credit check, so everyone pays the same low, flat rate.
Is a credit check required for this bond?
No. BondAbility issues the North Carolina Loan Broker Bond without a credit check and without an application.
How quickly can I get my bond?
Once payment is made, your bond is issued instantly and delivered by email. In most cases you can download, print, and submit your bond to the Securities Division within minutes.
Who is protected by this bond?
The bond is for the benefit of borrowers who suffer a financial loss because a loan broker violates the law or fails to perform under a written loan brokerage contract. If that happens, they may make a claim on the bond for reimbursement of actual damages, up to the $10,000 bond amount.
Additional Resources
- North Carolina Loan Broker Disclosure Act (N.C.G.S. §66-106 – §66-112)
- North Carolina Securities Division – Loan Broker Information