Nevada Check Cashing, Deferred Deposit, Title Loan and High Interest Loan Services Bond

A surety bond must be furnished to register as a deferred deposit loans, high-interest loans, title loans and check-cashing services provider pursuant to Chapter 604A of the Nevada Revised Statues. The surety bond allows the bonded principal to meet and maintain the financial responsibility requirements of the state during the term of the registration. The obligee mandating the bond is the Financial Institutions Division of the State of Nevada. The surety bond ensures adherence to the provisions of the Chapter 604A of the Nevada Revised Statues during the term of registration of the deferred deposit loans, high-interest loans, title loans and check-cashing services provider. The bond also guarantees payment of final judgments and orders, including expenses, owed to the state on behalf of any individual who has prevailed in a cause of action against the bonded principal related to deferred deposit loans, high-interest loans, title loans and check-cashing services.