California — Financing Law (CFL) License - NMLS Bond
California Financing Law licensees maintain at least $25,000 in surety security. Residential mortgage origination can raise the total with volume and employed originators. The statute requires one company bond for multiple licensed locations, not $25,000 multiplied by every branch.
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- Recorded state
- California
- Bond type
- Consumer Finance / Lender Bond
- Category
- Financial services
What this bond does
Maintain the company's CFL security and required originator coverage while keeping company and branch licensing separate from the bond.
- Who needs it
- California finance lenders and brokers making or brokering consumer or commercial loans under the CFL, matching their company, trade names, licensed locations and any employed mortgage originators.
- Who it protects
- The statutory bond is payable to the DFPI Commissioner for specified regulatory expenses, fines and fees and borrower or consumer losses from CFL noncompliance. DFPI-802 secures the principal's, employees' and agents' compliance and payment of money due under the CFL; its published condition gives the Commissioner the exclusive right to proceed on the bond.
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
- DFPI: Consumer and Commercial Loans (opens in a new tab)Checked October 27, 2026
- DFPI: About California Financing Law (opens in a new tab)Checked October 27, 2026
- DFPI: Requirements After Licensing (opens in a new tab)Checked October 27, 2026
- DFPI: Electronic Surety Bond DFPI-802 (opens in a new tab)Checked October 27, 2026
- DFPI: Forms (opens in a new tab)Checked October 27, 2026
- California Legislature: Financial Code 22112 (opens in a new tab)Checked October 27, 2026
Have these ready
- Confirm CFL lending or brokering authority and identify the licensed company and trade names.
- List licensed branches without multiplying the minimum bond by the branch count.
- Disclose residential origination volume and employed mortgage originators; match the required company sum.
- Bring DFPI-802, NMLS details, dates and accepted electronic execution and filing instructions.
Questions about this bond
Do multiple branches each require another $25,000 bond?
Section 22112 requires only one surety bond for a licensee with multiple licensed locations. Branch licensing and the company's required total remain separate questions.
Is $25,000 enough for every CFL company?
No. Residential mortgage origination and employed originators can trigger the volume-based higher amount. Match DFPI's schedule and the actual company request.
Does this security replace the company's net worth?
No. DFPI sets separate financial-condition requirements. Meeting net worth does not satisfy the bond or company and branch licensing obligations.
Does every consumer have the form's direct enforcement right?
The published DFPI-802 gives the Commissioner the exclusive right to proceed on that bond. It should not be described as an automatic private refund or general loan-loss insurance.