Texas Credit Access Business (CAB) Bond
OCCC requires payday lenders and auto title loan companies to file a $25,000 surety bond per licensed location under Finance Code Chapter 393. From $250/year per location. Same-day certificate. Register with OCCC today.
Requirements
- Bond amount: $25,000 per licensed location
- Applies to: Payday lenders, auto title loan companies (CABs)
- Annual renewal — each location bonds separately
- Cost: From $250/yr per location (1% for qualified applicants)