What Is a Credit Grantor?

A credit grantor is a company that extends credit directly to consumers or businesses as part of selling goods or services, rather than as a standalone financial product. Examples include retailers offering financing, equipment leasing companies, and buy-now-pay-later providers.

Is a Credit Grantor License Different From a Consumer Finance License?

Yes. Credit grantor or sales finance licenses are typically separate from consumer finance or lending licenses. The requirements, fees, and filing obligations can differ significantly.

Credit Grantor Solutions

Credit Grantor Licensing

Licensing and filings solutions for companies that extend credit as part of a sale of goods or services. From retail installment contracts to buy-now-pay-later programs.

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Navigating Credit Grantor Requirements

If your company extends credit to consumers or businesses as part of selling goods or services, you may be subject to state sales finance or credit grantor licensing requirements. The regulatory landscape for credit grantors is complex and varies significantly from state to state. Cornerstone helps credit grantors identify and obtain the licenses they need.

How We Work

Our Process

Credit Program Analysis

We review your credit programs, interest rates, fee structures, and contract terms to determine your licensing needs.

License Identification

We identify which states require sales finance, retail installment, or credit grantor licenses for your specific programs.

Application & Filing

We prepare and submit all applications, including surety bonds, financial statements, and sample contract reviews.

Ongoing Filings

We manage your renewal calendar, annual reports, and monitor regulatory changes that may affect your credit programs.

FAQ

Frequently Asked Questions

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Licensing regulations by state

Where you operate shapes what you file

52 of 52 jurisdictions documented. Pick a state to see the regulator, the license rule, and the bond.

Licensing regulations by state

Interactive map requires JavaScript. The full state directory is below.

Alabama

Regulator: Alabama State Banking Department

License: yes

Bond: $10,000-$25,000

Open Alabama guide
Alaska

Regulator: Alaska Division of Banking & Securities

License: yes

Bond: $25,000-$500,000

Open Alaska guide
Arizona

Regulator: Arizona Department of Financial Institutions

License: yes

Bond: $25,000-$500,000

Open Arizona guide
Arkansas

Regulator: Arkansas Department of Financial Regulation

License: yes

Bond: $10,000

Open Arkansas guide
California

Regulator: California DFPI

License: yes

Bond: $25,000

Open California guide
Colorado

Regulator: Colorado Division of Real Estate

License: yes

Bond: $10,000-$25,000

Open Colorado guide
Connecticut

Regulator: Connecticut Department of Banking

License: yes

Bond: $25,000

Open Connecticut guide
Delaware

Regulator: Delaware Office of the State Bank Commissioner

License: yes

Bond: $10,000-$25,000

Open Delaware guide
District of Columbia

Regulator: DC Department of Insurance, Securities and Banking

License: yes

Bond: $25,000-$500,000

Open District of Columbia guide
Florida

Regulator: Florida Office of Financial Regulation

License: yes

Bond: $250,000-$2,000,000

Open Florida guide
Georgia

Regulator: Georgia Department of Banking and Finance

License: yes

Bond: $50,000-$250,000

Open Georgia guide
Hawaii

Regulator: Hawaii DCCA

License: yes

Bond: $25,000-$500,000

Open Hawaii guide
Idaho

Regulator: Idaho Department of Finance

License: yes

Bond: $10,000

Open Idaho guide
Illinois

Regulator: Illinois DFPR

License: yes

Bond: $50,000

Open Illinois guide
Indiana

Regulator: Indiana DFI

License: yes

Bond: $10,000-$25,000

Open Indiana guide
Iowa

Regulator: Iowa Division of Banking

License: yes

Bond: $10,000-$25,000

Open Iowa guide
Kansas

Regulator: Kansas OSBC

License: yes

Bond: $10,000-$25,000

Open Kansas guide
Kentucky

Regulator: Kentucky DFI

License: yes

Bond: $10,000-$25,000

Open Kentucky guide
Louisiana

Regulator: Louisiana OFI

License: yes

Bond: $10,000-$25,000

Open Louisiana guide
Maine

Regulator: Maine Bureau of Consumer Credit Protection

License: yes

Bond: $10,000

Open Maine guide
Maryland

Regulator: Maryland DLLR

License: yes

Bond: $10,000-$25,000

Open Maryland guide
Massachusetts

Regulator: Massachusetts Division of Banks

License: yes

Bond: $25,000

Open Massachusetts guide
Michigan

Regulator: Michigan DIFS

License: yes

Bond: $10,000-$25,000

Open Michigan guide
Minnesota

Regulator: Minnesota Department of Commerce

License: yes

Bond: $20,000

Open Minnesota guide
Mississippi

Regulator: Mississippi Department of Banking

License: yes

Bond: $25,000-$500,000

Open Mississippi guide
Missouri

Regulator: Missouri Division of Finance

License: yes

Bond: $10,000-$25,000

Open Missouri guide
Montana

Regulator: Montana Division of Banking

License: no

Bond: Not required (no state license needed)

Open Montana guide
Nebraska

Regulator: Nebraska Department of Banking and Finance

License: yes

Bond: $25,000-$500,000

Open Nebraska guide
Nevada

Regulator: Nevada Financial Institutions Division

License: yes

Bond: $25,000-$500,000

Open Nevada guide
New Hampshire

Regulator: New Hampshire Attorney General (consumer protection)

License: no

Bond: Not required (no state license)

Open New Hampshire guide
New Jersey

Regulator: New Jersey Department of Banking and Insurance

License: yes

Bond: $25,000

Open New Jersey guide
New Mexico

Regulator: New Mexico Regulation and Licensing

License: yes

Bond: $5,000

Open New Mexico guide
New York

Regulator: New York DFS

License: yes

Bond: $500,000-$5,000,000

Open New York guide
North Carolina

Regulator: North Carolina Commissioner of Banks

License: yes

Bond: $25,000-$500,000

Open North Carolina guide
North Dakota

Regulator: North Dakota Department of Financial Institutions

License: yes

Bond: $25,000-$500,000

Open North Dakota guide
Ohio

Regulator: Ohio Division of Financial Institutions

License: yes

Bond: $25,000

Open Ohio guide
Oklahoma

Regulator: Oklahoma Attorney General (consumer protection)

License: no

Bond: Not required (no state license)

Open Oklahoma guide
Oregon

Regulator: Oregon Division of Financial Regulation

License: yes

Bond: $25,000

Open Oregon guide
Pennsylvania

Regulator: Pennsylvania Department of Banking and Securities

License: yes

Bond: $25,000-$500,000

Open Pennsylvania guide
Puerto Rico

Regulator: Puerto Rico OCIF

License: yes

Bond: $10,000-$25,000

Open Puerto Rico guide
Rhode Island

Regulator: Rhode Island Department of Business Regulation

License: yes

Bond: $5,000

Open Rhode Island guide
South Carolina

Regulator: South Carolina Board of Financial Institutions

License: yes

Bond: $25,000-$500,000

Open South Carolina guide
South Dakota

Regulator: South Dakota Attorney General (consumer protection)

License: no

Bond: Not required (no state license)

Open South Dakota guide
Tennessee

Regulator: Tennessee Collection Service Board

License: yes

Bond: $10,000

Open Tennessee guide
Texas

Regulator: Texas SML (Savings and Mortgage Lending)

License: yes

Bond: $50,000

Open Texas guide
Utah

Regulator: Utah DFI

License: yes

Bond: $25,000-$500,000

Open Utah guide
Vermont

Regulator: Vermont Attorney General (consumer protection)

License: no

Bond: Not required (no state license)

Open Vermont guide
Virginia

Regulator: Virginia Bureau of Financial Institutions

License: yes

Bond: $10,000-$25,000

Open Virginia guide
Washington

Regulator: Washington DFI

License: yes

Bond: $10,000-$25,000

Open Washington guide
West Virginia

Regulator: West Virginia Division of Financial Institutions

License: yes

Bond: $10,000-$25,000

Open West Virginia guide
Wisconsin

Regulator: Wisconsin Department of Financial Institutions

License: yes

Bond: $25,000-$500,000

Open Wisconsin guide
Wyoming

Regulator: Wyoming Division of Banking

License: yes

Bond: $25,000-$500,000

Open Wyoming guide

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