Hawaii — Small Dollar Installment Loans - NMLS Bond
Hawaii small dollar installment lenders must maintain commissioner-approved bond security under Chapter 480J. The statutory amount ranges from $30,000 to $250,000 based on annual loan origination volume.
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- Recorded state
- Hawaii
- Bond type
- Consumer Finance / Lender Bond
- Category
- Financial services
What this bond does
Provide the small dollar installment lender's required security under Section 480J-35, matched to the applicant and the amount accepted by Hawaii's Division of Financial Institutions.
- Who needs it
- Applicants and licensees offering or making Hawaii small dollar installment loans under Chapter 480J and arranging their NMLS licensing documents.
- Who it protects
- The bond runs to Hawaii for the State and people with a cause of action under Chapter 480J. It secures the licensee's compliance with that chapter and its rules, and money owed under those provisions. Aggregate surety liability cannot exceed the bond's penal 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
- Hawaii DFI: Small Dollar Loans / Installment Loans (opens in a new tab)Checked October 27, 2026
- Hawaii Revised Statutes: Section 480J-35 (opens in a new tab)Checked October 27, 2026
- Hawaii DFI: FAQs for Licensees (opens in a new tab)Checked October 27, 2026
Have these ready
- Identify the Chapter 480J applicant, NMLS record and actual locations.
- Provide annual loan origination volume and the Division's required bond calculation.
- Bring the accepted instrument, required sum and effective period.
- Confirm execution, bond submission and separate license approval or renewal.
Questions about this bond
Is $30,000 enough for every installment lender?
No. The statute sets a $30,000 minimum and $250,000 maximum based on annual loans originated. Confirm the accepted amount for the actual volume.
Does this bond guarantee repayment of the lender's loans?
No. It secures the licensee's Chapter 480J duties and money owed under those provisions for the State and qualifying people.
Can I rely on the published 2022 no-action window?
No. The programme's FAQs describe historical transition conditions. They are not a current grace period for operating without the required approval.
Does submitting the NMLS license application complete the bond requirement?
Not by itself. Confirm the Division's accepted instrument, execution and submission process and retain evidence of acceptance.