Alabama Consumer Lender Bond
Effective as of November 21, 2009, a surety bond is now required for consumer lenders in the state of Alabama. The surety bond is needed if the lender does not meet net worth requirements of the state. The State Banking Department will determine the actual bond amount.
Be sure to check with the state (obligee) for more specific details and requirements.
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Robin Kix is currently the Renewal Department Manager. Since joining Lance Surety in 2014, she has helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.
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