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North Carolina Loan Broker Bond

What is a North Carolina Loan Broker Bond?

A Loan Broker Surety Bond is required for those filing a disclosure statement with the Secretary of State of North Carolina as required by N.C.G.S. ยง66-108. The surety bond is a condition precedent to conducting business as a loan broker in the State of North Carolina. The bond is typically required in a coverage amount of $10,000 and the purpose of the Loan Broker Surety Bond is to guarantee the bonded principal's honest and faithful compliance with the provisions of the North Carolina Loan Broker Disclosure Act.

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