Pennsylvania — Consumer Discount Company Bond
Pennsylvania's published Consumer Discount Company bond is $5,000 for the non-mortgage lending license. Match the corporation and approved form, then complete licensing through the DoBS Portal; the motor-vehicle Sales Finance Company bond is a different obligation.
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- Recorded state
- Pennsylvania
- Bond type
- Consumer Finance / Lender Bond
- Category
- Financial services
What this bond does
Provide the security for a corporation negotiating or making non-mortgage loans or advances under Pennsylvania's Consumer Discount Company Act.
- Who needs it
- Consumer Discount Company applicants and licensed corporations maintaining that non-mortgage authority, rather than mortgage consumer discount companies or motor-vehicle sales finance businesses.
- Who it protects
- The published undertaking runs to the Commonwealth and secures the Act, departmental rules and money due to the Commonwealth, Department or persons injured by the principal's acts or omissions under the Act. It does not insure every credit loss or the lender's own portfolio.
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
- Pennsylvania DoBS: Non-Bank Licensees—Consumer Discount Companies (opens in a new tab)Checked October 27, 2026
- Pennsylvania DoBS: Consumer Discount Company Bond (opens in a new tab)Checked October 27, 2026
Have these ready
- Identify the non-mortgage Consumer Discount Company license and exact corporate applicant.
- Obtain the current accepted form and match the $5,000 requirement, company record and effective date.
- Arrange the required principal/surety signatures and any applicable witness or attestation.
- Complete the DoBS Portal licensing and accepted bond submission independently of checkout.
Questions about this bond
Is this for a mortgage Consumer Discount Company?
No. The Department distinguishes non-mortgage Consumer Discount Companies from mortgage licensees. Match the actual licensing request before choosing a form.
Can the motor-vehicle finance bond replace this one?
Not merely because the applicant makes loans. The published Consumer Discount Company bond is $5,000 under its own Act; the Sales Finance Company bond addresses a different license.
Does the published bond reset its limit every year?
No. The model's aggregate liability remains limited to its penal sum regardless of the number of years in force or claimants. It continues indefinitely subject to its cancellation provisions.
Does the current license application use NMLS?
The Department's current non-mortgage Consumer Discount Company instructions direct applicants to the DoBS Portal. Do not import the separate mortgage programme's NMLS route.