To secure a license for a check cashing /deferred deposit surety bond in Nevada, each license must be accompanied by a surety bond payable to the State of Nevada in the amount of $50,000 plus an additional $5,000 for each branch location at which the applicant proposes to do business under the license.
What is the purpose of a Nevada Check Cashing Deferred Deposit Bond?
The surety bond requirement is for the use and benefit of any customer receiving the services of the licensee at any location at which the licensee does business under the license. The bond states that the bondholder and its agents shall comply with all provisions of the Chapter 604A of the Nevada Revised Statutes, and the rules and regulations lawfully adopted there under, during the term of the deferred deposit loans, high-interest loans, title loans, and check-cashing services registration.
- Completed application form
- Payment for the nonrefundable application fee
- Complete set of fingerprints
- Proof satisfactory to the Commissioner based on the conditions written on NRS 604A.605
Where can I get a Nevada Check Cashing Deferred Deposit Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau