Alaska — Small Loan Company Bond
Alaska's selected Small Loan Company checklist calls for a $25,000 bond in the exact applicant and DBA names. Keep that security separate from the $25,000 in liquid assets required for each proposed office.
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- Recorded state
- Alaska
- Bond type
- Consumer Finance / Lender Bond
- Category
- Financial services
What this bond does
Supply the company's accepted Small Loan Act security under AS 06.20 and 3 AAC 12 as part of the Division's licensing process.
- Who needs it
- Alaska small loan company applicants and licensees, including businesses serving Alaska borrowers from outside the state.
- Who it protects
- The published undertaking runs to Alaska and secures the principal's Small Loan Act and rule obligations, including its officers, individuals, employees and authorized delegates. It requires payment of money due the State and people with a cause of action under the Act; total liability cannot exceed the bond sum.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Alaska Division: Loan Entity (opens in a new tab)Checked October 27, 2026
- Alaska: Small Loan Company Checklist and Forms (opens in a new tab)Checked October 27, 2026
Have these ready
- Match the applicant's exact legal and DBA names.
- List offices and Alaska lending activities, including any separate mortgage authority.
- Bring the current request, accepted bond, required sum and application-to-January dates.
- Confirm original-bond delivery with the Division's email licensing instructions.
Questions about this bond
Does the bond replace the per-office liquid assets?
No. The selected checklist separately requires $25,000 security and proof of at least $25,000 in liquid assets per proposed office.
Is the five-year cancellation provision a product term?
No. The model preserves prior liability and describes liability after cancellation. Match the actual coverage period and continuation requirements to the Division's request.
Can I use my mortgage license instead?
Not automatically. The Division identifies residential mortgage circumstances in which both mortgage and Small Loan Act authority are required. Have the activity and licensing request matched.
Should I assume email submission removes the original-bond requirement?
No. The programme uses email for licensing, while its selected checklist requests an original bond. Confirm accepted delivery with the Division.