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Alaska
Single Office Deferred Deposit Advance Act Bond

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Coverage Amount: $25,000
Term Length: 1 year
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Alaska Deferred Deposit Advance Act Bond Guide

If you’re becoming a payday lender in Alaska, you’ll need this surety bond. 

Bond Overview

  • Purpose: To protect clients from financial harm caused by lenders
  • Who Needs It: Payday lenders/deferred deposit advance providers
  • Regulating Body: The Alaska Division of Banking and Securities
  • Required Coverage: $25,000
  • Premium Rate: $250–$2,500, credit-based

Learn all about the bond requirements and process in this guide. 

What Is an Alaska Deferred Deposit Advance Act Bond?

An Alaska deferred deposit advance act bond protects clients from financial harm if a company breaks state regulations.

How Much Do Deferred Deposit Bonds Cost in Alaska?

$25,000 Alaska deferred deposit advance act bonds or payday loan bonds typically cost $250–$2,500.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$25,000Single Office Deferred Deposit Advance Act Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Deferred Deposit Advance Act Bond? 

The Alaska Division of Banking and Securities requires this bond as part of the licensing process for deferred deposit advance lenders, also known as payday lenders.  

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get an Alaska payday lender bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll upload the electronic surety bond directly to NMLS on your behalf. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does an Alaska Deferred Deposit Advance Act Bond Work? 

As with all surety bonds, a deferred deposit advance act bond creates a legal contract between three parties: 

  1. Principal: You, the payday lender filing the bond
  2. Obligee: The Alaska Division of Banking and Securities requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the Deferred Deposit Advance Act. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your deferred deposit advance act bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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