Virginia — Consumer Finance Lender Bond
Virginia requires a Consumer Finance applicant's bond to start at $25,000, with the Commission able to require more up to $500,000. Use form CCB-4409 in the exact applicant name; the separate $25,000 liquid-asset requirement per location is not the bond.
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- Recorded state
- Virginia
- Category
- Financial services
What this bond does
Maintain the corporate surety security required under Chapter 15 of Title 6.2, alongside the company's separate license, location approvals and financial-condition requirements.
- Who needs it
- Virginia Consumer Finance applicants and licensees arranging Commission-approved security for their licensed business, rather than a different short-term, title-lending or mortgage instrument.
- Who it protects
- The bond runs to Virginia, payable to the State Corporation Commission. It secures written agreements with borrowers and prospective borrowers, accurate accounting for licensed-business funds and lawful business conduct, including resulting loss or liability to the Commission or people dealing with the licensee.
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
- Virginia SCC: Consumer Finance Application Forms (opens in a new tab)Checked October 27, 2026
- Code of Virginia:6.2-1523.3—Bond Required (opens in a new tab)Checked October 27, 2026
- Virginia SCC: CCB-4409 Surety Bond (opens in a new tab)Checked October 27, 2026
- Virginia SCC: CCB-4402 Consumer Finance Application (opens in a new tab)Checked October 27, 2026
Have these ready
- Obtain the Bureau's current Consumer Finance request and CCB-4409.
- Match the exact applicant, licensed business, locations, required Commission-directed sum and dates.
- Keep the separate financial statements and per-location liquid assets distinct from security.
- Arrange the required signatures and surety authority; file the original bond with the separate license materials.
Questions about this bond
Is the bond always exactly $25,000?
No. The statute starts at $25,000 but permits the Commission to require a higher total up to $500,000. Match the actual request.
Can liquid assets replace the bond?
No. The application's liquid-asset certification per location is a separate financial requirement. It also calls for an original CCB-4409 bond in the applicant's exact name.
Does every borrower dispute result in payment?
No. The statute and full form define the secured agreements, funds-accounting and legal duties. A claimant must establish damage from a covered failure; aggregate surety liability is limited to the sum.
Is the ninety-day notice a ninety-day bond product?
No. It governs the surety's termination notice. The statute requires continuous security, and the published form preserves obligations arising before termination.