Kansas Supervised Lender/Payday Lender Bond
Kansas UCCC Supervised Lender Surety Bond
| Bond Amount Required | Bond Term | Annual Premium |
| $100,000 | 1 Year | $1,000 |
| $125,000 | 1 Year | $1,250 |
| $150,000 | 1 Year | $1,500 |
| $175,000 | 1 Year | $1,750 |
| $200,000 | 1 Year | $2,000 |
| $225,000 | 1 Year | $2,250 |
| $250,000 | 1 Year | $2,500 |
| $275,000 | 1 Year | $2,750 |
| $300,000 | 1 Year | $3,000 |
Supervised lenders and payday lenders subject to Kansas bonding requirements must maintain the required surety bond as part of their licensing obligations. The required bond amount generally depends on the number of licensed business locations and helps provide financial protection for obligations covered by the bond.
Cost of the Kansas Supervised Lender/Payday Lender Bond
The required Kansas Supervised Lender/Payday Lender Bond amount is based on the number of licensed business locations. The standard bond amount is $100,000 for the first licensed location, with an additional $25,000 required for each additional location, up to an ordinary aggregate maximum of $300,000. The administrator may require a higher bond amount when special circumstances require greater protection.
The annual premium starts at $1,000 for a $100,000 bond and increases by $250 for each additional $25,000 in coverage, up to $3,000 annually for a $300,000 bond. These premiums are NNA Surety rates and are not set by Kansas law. Apply online today to get your Kansas Supervised Lender/Payday Lender Bond.
How the Kansas Supervised Lender/Payday Lender Bond Works
The Kansas supervised lender/payday lender bond helps protect eligible parties by holding licensed lenders financially accountable for applicable requirements and obligations covered by the bond.
The bond involves three parties:
- Principal: Supervised lender or payday lender
- Obligee: State of Kansas
- Surety: Bonding company
A claim against the bond may be filed when a lender fails to meet an obligation covered by the bond. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Kansas Supervised Lender/Payday Lender Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application with your business and licensing information.
- Confirm the required bond amount based on the number of licensed business locations.
- Pay the applicable annual premium.
- Receive and file the bond as required for your Kansas lender license.
Learn more about your Kansas surety bond options across the state.
Get Your Kansas Supervised Lender/Payday Lender Bond
Ready to meet your Kansas lender bonding requirements? Complete this form or call 855-457-2196 to get bonded.