The New Surety Bond Requirement
In Oklahoma, a bill titled SB 720 requires small loan lenders to be licensed and post a surety bond or irrevocable letter of credit for $25,000 for each location. The maximum bond amount is $200,000.
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If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online. We are the nation’s largest volume bond producer, and provide the lowest rates in the industry.