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Section 516.05(10) allows a bond of at least $25,000 in place of the $25,000 liquid-asset requirement. A company with an existing licensed location must provide at least $5,000 in additional bond or rider security for each additional license, subject to the $100,000 aggregate cap. The statute also permits a qualifying certificate of deposit or irrevocable letter of credit. Confirm the accepted arrangement and existing coverage; do not assume every location needs a separate $25,000 bond.

The original security is filed with the Office as beneficiary. The statute provides pro rata payment within the security amount and requires replenishment after recoveries reduce it. Cancellation requires notice received by the Office at least thirty calendar days beforehand. Security must remain for two years after licensed operations cease, although the Office may permit a reduction or elimination as outstanding Florida loans decline. These rules are separate from the license's biennial renewal cycle.

Purchase Now opens Propeller's Florida consumer finance application in a new tab. Bring the Office's request, exact licensee and office details, existing security, required aggregate sum, effective date and accepted OFR-516-02 form. Check them before paying. Complete the form's signatures and principal witness, arrange the original filing with the Office and retain its acceptance; checkout does not issue or renew the consumer finance license.