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North Dakota
Deferred Presentment Service Provider Bond

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Coverage Amount: $20,000 - $75,000
Term Length: 1 year
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North Dakota Deferred Presentment Service Provider Bond Guide

If you’re applying for a deferred presentment service provider license in North Dakota, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To protect clients from financial harm caused by lenders
  • Who Needs It: Payday lenders/deferred presentment service providers in North Dakota
  • Regulating Body: The Department of Financial Institutions, Consumer Division
  • Required Coverage: $25,000–$75,000, based on high receivables amount
  • Premium Rate: 1–10%, credit-based

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

What Is a North Dakota Deferred Presentment Service Provider Bond? 

A North Dakota deferred presentment service provider bond protects clients from financial harm if a company breaks state regulations.

The Department of Financial Institutions (DFI), Consumer Division requires this bond as part of the licensing process for all deferred presentment service providers, also known as payday lenders. 

How Much Do Deferred Presentment Service Provider Bonds Cost?

North Dakota deferred presentment service provider bonds cost a small percentage of the bond amount, typically 1–10%.


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

Bond Type
$20,000Deferred Presentment Service Provider BondHigh receivables amount is less than $100,000
$50,000Deferred Presentment Service Provider BondHigh receivables amount for $100,000 to $250,000
$75,000Deferred Presentment Service Provider BondHigh receivables amount is greater than $250,000

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 North Dakota payday lender 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 mail you the bond via your preferred shipping method. Be sure to file the bond with the state as instructed. 

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

How Does a North Dakota Payday Lender Bond Work? 

As with all surety bonds, a payday lender or deferred presentment service provider bond creates a legal contract between three parties: 

  1. Principal: You, the lender filing the bond
  2. Obligee: The North Dakota DFI, Consumer Division requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of North Dakota Century Code 13-08. 

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 deferred presentment service provider 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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