Maryland Check Cashing or Payday Lending Bonds
Maryland Check Cashing Bond Information
Check Cashing Surety Bonds (sometimes called Payday Lending Bonds) protect consumers in the event the check cashing company violates the state rules and regulations related to lending practices. Common risks include exceeding maximum interest rates, fraudulent practices, or misrepresentation of terms and conditions. These surety bonds are typically required as part of the business licensing process.