New Hampshire Small Loan Lender Bond Guide
If you're applying for a small loan lender license in New Hampshire, you need to file a surety bond.
Bond Overview
- Purpose: To protect the public and the state from illegal lending practices
- Who Needs It: Any person or business making small loans, title loans, or payday loans
- Regulating Body: The New Hampshire Banking Commissioner
- Required Coverage: $25,000
- Premium Rate: $250–$2,500, based on credit score
Learn all about the bond requirements and process in this guide.
What Is a New Hampshire Small Loan Lender Bond?
A New Hampshire small loan lender bond protects borrowers from harm if lenders are fraudulent or break state laws.
The New Hampshire Banking Commissioner requires a $25,000 bond as part of the licensing process for all small loan lenders.
How Much Do Small Loan Lender Bonds Cost in New Hampshire?
New Hampshire small loan lender bonds cost a small percentage of the $25,000 bond amount, typically $250–$2,500.
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 New Hampshire small loan 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 New Hampshire Small Loan Lender Bond Work?
As with all surety bonds, a small loan lender bond creates a legal contract between three parties:
- Principal: You, the small loan lender filing the bond
- Obligee: The New Hampshire Banking Commissioner requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of G.C.N.H. Title XXXVI Chapter 399-A.
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 small loan lender bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
