License & Permit
Title Pledge Lender Bond
A state license bond for title loan (title pledge) lenders.
- Required by
- State financial regulators (in Florida, the Office of Financial Regulation)
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond runs to the state financial regulator for the benefit of borrowers. It promises the lender will follow the state's title loan law. Claims arise from fraud, misrepresentation, or other violations of that law.
Who needs it
- Title loan or title pledge lenders
What the underwriter looks at
- Number of licensed locations
- Volume of money handled
- Owner credit and net worth
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
How much does a Florida title loan lender need?
Florida section 537.005 requires $100,000 for each license, with a total cap of $1 million per lender. A certificate of deposit or letter of credit may be used instead.