A Pennsylvania Sales Finance Bond is type of surety bond required by the Pennsylvania Department of Banking and Securities. (DOBS) for all sales finance companies that operate in the state. This includes companies that finance the purchase of motor vehicles, furniture, appliances, and other consumer goods. The bond ensures that the sales finance company will comply with all of the Pennsylvania Consumer Credit Code (Act 603), including:

  • Providing accurate and truthful information to consumers about their financing options
  • Disclosing all fees and interest rates associated with the loan
  • Obtaining the consumer’s signature on a written contract that clearly outlines the terms of the loan
  • Complying with all of the state’s regulations regarding collections and repossessions

The bond amount is typically $10,000, but it may be higher depending on the sales finance company’s gross annual loan volume. For companies with more than $10 million of gross annual loan volume, the bond amount is $10,000 for each $10 million or portion thereof of gross annual loan volume. The maximum bond amount is $100,000.

How to Get a Pennsylvania Sales Finance Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

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  1. Complete the easy to navigate and secure online application1
  2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
  3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Pennsylvania Sales Finance Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
The cost of the bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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What are other licensing requirements? 

Applicants must submit a Sales Finance Company Application to the Department of Banking and Securities. Each applicant or control person must complete an online criminal background check with the State Police. In addition, applicants are subject to a search via the FBI Fingerprinting Check. Payment of the $500 licensing fee must accompany the application.







How to Get Your Pennsylvania Sales Finance 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

Surety Bond Experts

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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