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California
Student Loan Servicer Bond

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Coverage Amount: $25,000 - $100,000
Term Length: 1 year
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California Student Loan Servicer Bond Guide

If you’re applying for a student loan servicing license in California, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure student loan servicers uphold states laws and handle funds properly
  • Who Needs It: Student loan servicing licensees in California
  • Regulating Body: The California Department of Business Oversight
  • Required Coverage: $25,000–$100,000
  • Premium Rate: 1–10%, credit-based

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

What Is a California Student Loan Servicer Bond?

A California student loan servicer bond ensures that servicers uphold all state regulations and pay any sums owed to the Commissioner of Business Oversight. 

The Department of Business Oversight requires this bond as part of the licensing process for student loan servicers in the state. 

How Much Do Student Loan Servicer Bonds Cost?

California student loan servicer bonds cost a small percentage of the required coverage amount, typically 1–10%.


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

Bond Type
$25,000Student Loan Servicer BondAmount of loans serviced: $0 - $50,000,000
$50,000Student Loan Servicer BondAmount of loans serviced: $50,000,001 - $100,000,000
$75,000Student Loan Servicer BondAmount of loans serviced: $100,000,001 - $250,000,000
$100,000Student Loan Servicer BondAmount of loans serviced: $250,000,001+

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

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a California student loan servicer 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 bond directly to NMLS and send you an email with a link to sign and save a copy for your records. 

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

How Does a California Student Loan Servicer Bond Work? 

A student loan servicer bond creates a legal contract between these three parties: 

  1. Principal: You, the student loan servicer filing the bond
  2. Obligee: The California Department of Business Oversight requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the California Student Loan Servicing 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 must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your student loan servicer 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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