Why Do You Need a Illinois Consumer Installment Loan Act Bond?
Surety bonds protect the public, not you. They guarantee you will follow the rules while operating your business. If you have other questions about surety bonds, visit our surety bond education section.
What is the Process?
Please follow the steps below to ensure you meet all requirements of the Division of Financial Institutions to operate your business legally (each state department has their own requirements and process). If you need assistance with determining your requirements, please contact us for help.
- Obtain a business license application from the Division of Financial Institutions.
- Apply for your surety bond and get an instant approval.
- Send your Illinois license application and your signed bond to the Division of Financial Institutions.