Kansas Lenders License | $50,000 Lenders License Surety Bond
Also known as: lender license bond
Type of Bond
In Kansas, a lender license bond refers to a type of surety bond that may be required for individuals or businesses operating as lenders within the state. The lender license bond serves as a financial guarantee that the bonded lender will comply with the laws and regulations governing lending activities and fulfill their contractual obligations. It is typically required by the Kansas Office of the State Bank Commissioner or a similar regulatory authority. By obtaining a lender license bond, the bonded lender assures that they will operate their lending business in accordance with applicable laws, regulations, and licensing requirements. This includes complying with interest rate restrictions, consumer protection laws, and other regulations governing lending practices. If the bonded lender fails to fulfill its obligations or violates any regulations related to lending activities, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover any resulting damages or losses suffered by borrowers or affected parties. The purpose of the lender license bond is to protect the interests of borrowers and maintain the integrity of the lending industry. It ensures that licensed lenders operate with fairness, transparency, and adherence to regulatory requirements. The bond provides a form of recourse for borrowers to seek compensation in case of unfair lending practices, fraudulent activities, or other breaches by the lender. It helps maintain trust in the lending sector in Kansas.
Program
The price you'll pay for your $50,000 Lenders License Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $50,000 Lenders License Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $50,000 Lenders License Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Lenders License Bond Application process.
The Kansas Lenders License Bond amount is currently set at $50,000.
Obligee Information
An obligee is the entity that is requiring you to have the Lenders License bond.
Obligee: State Of Kansas Office Of The State Of Bank Commissioner
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!