Nebraska Delayed Deposit Services Bond Guide
If you’re applying for a delayed deposit services business license in Nebraska, you’ll need this surety bond.
Bond Overview
- Purpose: To protect clients from financial harm caused by lenders
- Who Needs It: All payday lending service providers in Nebraska
- Regulating Body: The Department of Banking & Finance
- Required Coverage: $50,000
- Premium Rate: $500–$5,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Nebraska Delayed Deposit Services Bond?
A Nebraska delayed deposit services bond protects clients from financial harm if a company breaks state regulations.
The Department of Banking & Finance requires this $50,000 bond as part of the licensing process for all payday lenders (also known as delayed deposit service providers) in Nebraska.
How Much Do Delayed Deposit Services Bonds Cost?
Nebraska delayed deposit services bonds cost a small percentage of the $50,000 bond amount, typically $500–$5,000.
Exact rates vary based on personal credit score. Apply for your free quote now!
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 Nebraska payday lender bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll upload the bond directly to NMLS on your behalf after checkout.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Nebraska Delayed Deposit Services Bond Work?
As with all surety bonds, a delayed deposit services bond creates a legal contract between three parties:
- Principal: You, the payday lender filing the bond
- Obligee: The Department of Banking & Finance requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the Nebraska Delayed Deposit Services Licensing 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 delayed deposit services bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.