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Michigan Sales Finance Company Bond

Michigan Sales Finance Company Bond

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Who Requires the Sales Finance Company Bond and Why Is It Needed?

Tablet. Finance Lender or Broker Bond for businesses engaged brokering commercial loans.

A Sales Finance Company Bond is a type of surety bond required by Michigan non-depository sales finance companies and out-of-state depository institutions seeking a license or currently licensed by the Director, Department of to engage in the business of a Sales Finance Company under the provisions of Act No. 27, Public Acts of 1950, Extra Session, as amended. This surety bond guarantees that the bonded principal will conform to and comply with the provisions of the aforementioned Act and all rules and regulations set forth by the Director, Department of Insurance and Financial Services of the State of Michigan. Further, the bond ensures payment of all monies owing to the state or any person pursuant to the provisions of the Act.

 

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Michigan Sales Finance Company Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




List of Michigan surety bonds.

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