The North Carolina Loan Broker Bond is required by the State of North Carolina. The amount of the bond is set at $10,000. The bond states that the bondholder will faithfully comply with the provisions of the North Carolina Loan Broker Disclosure Act and all amendments.
A loan broker is defined as any person, firm or corporation, who in return for any consideration from any person, promises to procure or assist in procuring a loan from any third party. Likewise, there is a promise to also consider whether or not it will make a loan to such person. All loan brokers must be registered before practicing their profession in the state. One of the requirements for registration is the Loan Broker Bond.
Aside from the Loan Broker Bond, applicants must also submit two copies of the disclosure statement. There is no fee to register as a Loan Broker with the North Carolina Secretary of State’s office.
At Surety1, we make things easy for you. Start the process by completing our easy-to-navigate, free online application form. After that, one of our surety agents will contact you with a no-obligation quote for the bond premium. Once you decide to move forward with us, you just need to pay the bond premium and choose your shipping options. You may choose to have your North Carolina Loan Broker Bond mailed through USPS Priority Mail or overnight delivery.
Surety1 has been providing surety bonds since 2003 and is licensed in all 50 states. The company maintains an A+ rating from the Better Business Bureau and represents over a dozen A rated surety companies
Call us toll free at 877-654-2327, Monday – Friday, 8:00 – 4:30 PST. We’re glad to help.