Loan Brokers operating in the State of Illinois are required under the Illinois Loan Brokers Act of 1995 to execute an Illinois Loan Broker Bond to ensure compliance with licensure.
Bonds Express offers an Illinois Loan Broker Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Loan Broker Bond holds you accountable for your business decisions.
By possessing an Illinois Loan Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.