Alabama Consumer Lender Bond

Category: Uncategorized
Published: Feb 23, 2011
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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