Oklahoma Small Loan Lender Bond Requirement

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.

 

 

Get a Free Quote Instantly Online

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.

 


Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.

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