The Maryland Consumer Loan Bond is a type of surety bond and is a requirement to obtain a consumer loan license in the state. While the license and surety bond are a requirement of theMaryland Consumer Loan Bond Maryland Commissioner of Financial Regulation, the license administration and application is managed by the Nationwide Mortgage Licensing System (NMLS).  the license and surety bond is required of any business that makes any loan or advance of money or credit under the Maryland Consumer Loan Law. Additionally, a consumer loan licensee is exempt from the installment loan licensing provisions which means that a consumer loan licensee may make loans (other than mortgage loans). The Maryland Consumer Loan Bond amount is $50,000. The premium for the bond will usually be 1% to 3% of the surety bond amount.

This license authorizes the following activities:

  • Active debt buying1
  • Consumer loan brokering2
  • Consumer loan lending
  • Consumer loan servicing3
  • First mortgage lending
  • High cost home loans4
  • Home equity lending – lines of credit4
  • Judgment recovery5
  • Manufactured housing finance4
  • Non-mortgage loan modifications6
  • Non-private student loan lending
  • Payday lending – online
  • Payday lending – storefront
  • Private student loan lending
  • Property tax lending4
  • Refund anticipation lending
  • Reverse mortgage lending4
  • Sales finance activities – general7
  • Sales finance activities – motor vehicles7
  • Second mortgage lending4
  • Title lending

1 – Required only if purchasing a loan subject to the Maryland Consumer Loan Law.
2 – Holder is exempt from credit services business licensure, which is normally required for this activity.
3 – Required only if servicing a loan you own which is subject to the Maryland Consumer Loan Law.
4 – Requires a mortgage lender license. If making a loan of $25,000 or less, a consumer loan license is also required, unless the lender makes a written election of Subtitle 1, 9, or 10 of the Commercial Law Article, the loan is made by a person who makes no more than three consumer loans per year and does not engage in the business of making consumer loans, or the lender is an employer lending to an employee.
5 – Required only if recovering judgment on a loan you own which is subject to the Maryland Consumer Loan Law.
6 – Required only if modifying a loan you own which is subject to the Maryland Consumer Loan Law.
7 –  Allows direct lending to retail purchasers in amounts up to $25,000. Does not permit the purchase of retail sale agreements, retail credit accounts, or secured home improvement contracts from sellers.

A check list for the license reequipments can be found here.

How to obtain a Maryland Consumer Loan Bond

At we make it easy to obtain this required surety bond. Our 3 step process is:

  1. Complete our easy to navigate and secure online application.1
  2. Review the free, no obligation quote from one of our surety bond professional agents, usually within 1 business day.
  3. Sign some paperwork and pay the bond premium.

Once these steps have been completed, the Maryland Consumer Loan Bond will be filed electronically with the NMLS by
1 – The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license. is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, is the premier online provider of surety bonds nationwide since 2003. We also maintain an A+ rating from the Better Business Bureau. We also maintain an A+ rating from the Better Business Bureau.



How to Get Your Maryland Consumer Loan Bond

  1. Complete an online application. It’s free and no-obligation.
  2. One of our surety experts will contact you with a firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, and then you will receive your Surety Bond!

If you have any questions, please call us at 877-654-2327.

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
Most Bonds are Approved in 1-2 Business Days

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Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

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