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Title Pledge Act Bond

How much does a title pledge act bond cost in Mississippi?

The Mississippi Department of Banking and Consumer Finance requires all title pledge lenders to post $50,000 surety bonds for each location. The maximum total bond amount is $250,000.

These bonds are subject to underwriting, so the amount you’ll pay depends on a review of your personal credit report. Ready to find out exactly how much you’ll pay for your surety bond? Request a free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Title Bledge Act Bond $50,000 Starts at $500 $2,000-4,000 $5,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Call 1 (800) 308-4358, or submit a bond request form, to connect with our team of surety bond experts who will walk you through each step of our fast and easy bonding process.

Why do I need this bond?

By posting a Mississippi title pledge act surety bond, principals (title lenders) pledge to operate their businesses according to the laws of the state. Prohibited acts under this bond include:

  • falsifying a title pledge lender transaction form
  • entering into a title pledge agreement with an individual under 18 years of age
  • failing to maintain pledged property
  • entering into a title pledge agreement in which any single certificate of title exceeds $25,000
  • failing to return pledged property
  • adding insurance charges with a title pledge agreement
  • and more

Specifically, this bond offers indemnity to consumers who suffer financial losses as a result of the principal’s unlawful business practices.

Request a free surety bond quote now!

What’s the fine print?

Title pledge act bonds in Mississippi are continuous and remain in full effect until the expiration date. These bonds expire annually on June 30, so your bond premium could be prorated depending on when you buy it. Our team of surety experts works hard to get you bonded according to your specific needs.

The bond can be continued for subsequent calendar years by a continuation certificate signed and sealed by the both the principal and the surety.

All bonds must be notarized by a notary public.

How to become a title pledge lender in Mississippi

To become a licensed title pledge lender in Mississippi, applicants must submit the following materials to the Department of Banking and Consumer Finance:

  • license fee ($750 for new applications, $475 for renewal applications)
  • surety bond ($50,000 for each location, $250,000 maximum)
  • Title Pledge Contact List
  • fingerprint card(s)
  • and more

Complete licensing information can be accessed via the Important Links section of this page. Begin the licensing process by purchasing the surety bond you need.

Ready to get started?

Get a FREE Title Pledge Act Bond Quote Today!

Title Pledge Application Instructions

Title Pledge Act

Surety Bond Mississippi Title Pledge Act State of Mississippi form

State of Mississippi Department of Banking and Consumer Finance Title Pledge License Application

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