Who requires it
Alaska Division of Banking and Securities — Small loan companies
License & permit · Alaska
Alaska Small Loan Company Bond
Alaska small loan companies must file a $25,000 bond under AS 06.20.050 as part of the Division of Banking and Securities licensing package. The department’s application checklist requires an original bond from a surety authorized in Alaska, with the name matching the applicant’s full legal name and any DBA exactly. The checklist describes coverage running from the application date to January 1 of the following year, so applicants should confirm the current term language on the department’s bond form when renewing. Keep the bond aligned with the licensed small-loan office activity for the life of the credential.
Common bond amount
$25,000
Fixed under AS 06.20.050; liquid-asset proof under AS 06.20.040 is separate and does not replace the bond.
How you file
Original bond filed with the Division of Banking and Securities
Renewal
Align with department term (checklist: application date through January 1 next year)
Who requires it
Applicants for and holders of Alaska small loan company licenses under AS 06.20 filing with the Division of Banking and Securities.
How much is required
AS 06.20.050 and the department checklist set a fixed $25,000 amount. Separately, applicants must also show liquid-asset capacity under AS 06.20.040—that asset showing is not a substitute for the bond.
How to get and file it
Complete the department’s small loan bond form for $25,000 in the exact legal name and DBA, have an Alaska-authorized surety execute the original, and submit it with the Banking and Securities application package. Follow the checklist’s term and January 1 renewal framing, or any updated department form language, so the bond does not expire mid-license. Replace the bond before any cancellation takes effect.
Cost note
Twenty-five thousand dollars is the required bond amount, not the premium you pay. Liquid-asset proof under AS 06.20.040 is a separate licensing requirement. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Required amount
- $25,000
- Name on the bond
- Must match Full Legal Name and DBA on the application
- Related (not a bond substitute)
- Proof of at least $25,000 liquid assets per office under AS 06.20.040
Official sources
Frequently asked questions
Does showing $25,000 in the bank replace the surety bond?
No. Liquid-asset proof under AS 06.20.040 is a separate licensing showing. The checklist still requires the original $25,000 bond under AS 06.20.050.
Is this the same bond as the mortgage broker bond?
No. Small loan companies bond under AS 06.20 at $25,000. Mortgage brokers and lenders use AS 06.60.045 and 3 AAC 14.053 at a minimum of $75,000.
Related Alaska bond guides
Mortgage Broker / Lender Bond
≥ $75,000
Alaska mortgage brokers and lenders must maintain a bond under AS 06.60.045. That statute directs the Department of Commerce, Community, and Economic Development to set the amount by regulation and allows one bond to cover every location listed on the license. Regulation 3 AAC 14.053 sets the operative floor at $75,000. The bond stays in force while you are licensed or registered and for three years after the license or registration ends, so claims may still land after the credential closes. File through the Division of Banking and Securities mortgage program, typically coordinated with NMLS when the department requires electronic filing.
Money Transmitter Bond
$25,000 + $5,000 per location
Alaska money transmitters must furnish a bond or other accepted coverage under AS 06.55.104 before the Division of Banking and Securities will license the activity. The baseline formula is $25,000 plus $5,000 for each location, with the location addition capped at $125,000—so the ordinary schedule tops out at $150,000. Coverage may be a surety bond, a letter of credit, or another form the department accepts. The department may raise the required amount up to $500,000 based on the volume of money transmission business. Whatever instrument you use must remain available for claims for at least five years after the licensee stops providing money transmission services in Alaska.
Collection Agency Bond
$5,000
Alaska collection agencies must furnish $5,000 of coverage under AS 08.24.150. The statute accepts either a surety bond or a $5,000 cash deposit. The bond protects against the agency’s failure to account for money collected for clients and against other liabilities the collection-agency chapter addresses. A surety that withdraws must give notice; its liability ends sixty days after the withdrawal notice if a replacement bond is filed or the license is revoked. Keep uninterrupted coverage for the entire license period.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Alaska application
Alaska will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-12. This guide is based on verified educational content and official sources.
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