Mississippi — Small Loan License - NMLS Bond
Mississippi lists $1,000 in security for a Small Loan license and requires a physical office in the state. Match the licensed locations and company NMLS record; its electronic bond is perpetual, even though the license renews each calendar year.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Mississippi
- Bond type
- Consumer Finance / Lender Bond
- Category
- Financial services
What this bond does
Provide the Small Loan security required for the company's licensed Mississippi lending operations without substituting a Consumer Loan Broker, Check Casher or Title Pledge obligation.
- Who needs it
- Small Loan applicants and licensees with Mississippi physical offices, arranging their company electronic surety bond and the correct total for licensed locations.
- Who it protects
- Section 75-67-211 runs the bond to Mississippi and secures lawful lending operations, departmental rules and applicable statutory debts to the state, local governments and persons or businesses. A person with a right of action may sue in the state's name for that person's benefit; not every loan loss creates a claim.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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
- Mississippi DBCF: Consumer Finance—Small Loan (opens in a new tab)Checked October 27, 2026
- Mississippi DBCF: Small Loan Privilege Tax Law (opens in a new tab)Checked October 27, 2026
- Mississippi DBCF: Small Loan Electronic Surety Bond Instructions (opens in a new tab)Checked October 27, 2026
Have these ready
- Confirm Small Loan authority and the actual Mississippi physical offices.
- Match the $1,000 requirement and instructed company total, including all licensed branches and applicable riders.
- Have the exact company/NMLS record, current accepted form, required sum and dates ready before purchase.
- Arrange producer authority and MU2 officer attestation/submission, then complete licensing separately.
Questions about this bond
Does one $1,000 bond automatically cover every branch?
No. The electronic-bond instructions require the total to include the initial obligation and all branches. Match the Department's request and actual licensed-location list.
Must the electronic bond expire each December?
The license period is January 1–December 31, but the Department's electronic-bond instructions make the bond perpetual with cancellation provisions. Do not turn annual renewal into an assumed bond term.
Should I mail and notarize the electronic bond?
The posted conversion instructions say hard copies should no longer be mailed and notarization is not required for this electronic process. Follow the current NMLS instructions for the accepted form.
Does the producer's preparation finish the filing?
No. An MU2 Direct Owner/Executive Officer must attest and submit the prepared bond. Also complete the separate Small Loan licensing or renewal requirements.