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Financial Institutions Section 11-206 requires the bond with the application and directs the Commissioner to choose a company amount from $50,000 to $200,000. The nature and volume of the business, financial condition, operations and control can affect that determination. The principal executive office holds the license; additional locations conducting Maryland business must be disclosed under the current instructions rather than bought as separate branch licenses. A Consumer Loan licensee's stated installment-licensing exemption does not turn the two bond forms into interchangeable products.

The full Consumer Loan form and statute cover legal compliance and money owed to the State or qualifying people. Liability is continuous and noncumulative. A claimant may file with the surety without prior administrative enforcement; excess claims are paid to the Commissioner for pro rata distribution under the statute. Cancellation takes effect ninety days after the Commissioner receives the specified notice, and liability continues three years after the later of cancellation or the end of licensing. Claim payments can require replacement security.

Purchase Now opens Propeller's Maryland Consumer Loan NMLS application in a new tab. Bring the Commissioner's current request and Consumer Loan form, exact company and trade names, NMLS record, principal executive office and additional-location disclosures, required sum and dates. Confirm these before paying. Arrange the required witnesses, surety authority and any trade-name evidence, use the accepted bond execution and filing route, complete the separate license or amendment submission and retain acceptance.