New Hampshire Sales Finance Company Bond Guide
If you’re applying for a sales finance company license in New Hampshire, you’re in the right place. You’ll need this surety bond to prove financial security.
Bond Overview
- Purpose: To protect sales finance company clients from financial harm
- Who Needs It: Companies providing financing for consumer sales, such as motor vehicles, in New Hampshire
- Regulating Body: The New Hampshire Banking Commissioner
- Required Coverage: $25,000
- Premium Rate: Typically $250–$500, credit-based
What Is a New Hampshire Sales Finance Company Bond?
A New Hampshire sales finance company bond protects clients from fraud, theft and other financial harm. The Department of Banking requires this bond for licensed motor vehicle sales and other consumer sales financing providers.
How Much Do Sales Finance Company Bonds Cost?
The state-required $25,000 New Hampshire sales finance company bond costs $250–$375 for applicants with strong credit scores.
Your exact rate will be determined based on your financial qualifications. Request a free quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a New Hampshire Sales Finance Company Bond Work?
As with all surety bonds, this bond creates a legal contract between three parties:
- Principal: The sales finance company filing the bond
- Obligee: The New Hampshire Banking Commissioner requiring the bond
- Surety: The provider issuing the bond
Under this contract, you are responsible for upholding the provisions of New Hampshire RSA 361-A.
If you break these terms and cause harm, clients or the state can file bond claims for reimbursement. You are responsible for refunding the surety for any paid claims.
How Do I Get a Sales Finance Company Bond in New Hampshire?
With SuretyBonds.com, you can get your sales finance company bond quickly and easily. Just follow these quick steps:
- Apply: Submit an online quote request
- Sign: Receive your quote and e-sign the indemnity agreement
- Pay: Purchase the bond online or over the phone
We’ll upload the bond directly to the NMLS on your behalf.
How Fast Can I Get My Bond?
If you apply today, you’ll receive your sales finance company bond quote within one business day or less.
After you purchase the bond, we’ll instantly file the bond with the NMLS.
How Do I Renew My Sales Finance Company Bond?
These bonds expire annually. Renew your bond by paying the renewal premium when prompted.
When you work with us, we’ll send you email and phone reminders to ensure there is no lapse in coverage.
The surety can cancel the bond by providing 20-days written notice to the Commissioner of the Department of Banking.
How to Get a Sales Finance Company License in New Hampshire
The New Hampshire Department of Banking oversees sales finance company licensing. You can apply and submit all materials via the Nationwide Multistate Licensing System (NMLS).
