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Mortgage Lender Surety Bond

Definition: A finance license bond that ensures mortgage lenders will follow their state regulations. The bond is needed in each state for mortgage lenders and mortgage bankers to obtain a license.

Get Mortgage Lender Bonds nationwide!

FAQ

  • What does a mortgage banker bond cost?
  • Premiums are based off of a percentage of the bond amount. You can get a general cost range or if you are ready to get bonded, apply and get an online instant approval.

  • From beginning to end, what is the process?
  • Submit an application online, receive an instant quote, sign the indemnity agreement, pay online, and then we will ship the bond out to you.

  • Can I get a bond that will cover me in every state?
  • No. Similar to mortgage broker bonds, you will need a separate bond for every state you operate in that requires the bond. Some states may require multiple bonds of your company and or employees.

  • How do I know if I need a mortgage banker surety bond?
  • You most likely do. Many states require bankers and supervised lenders to obtain a bond before they get their license. However, not all states have the same requirements. Please view our state requirement list below or contact the states in which you wish to operate.

  • Will I get the premium back?
  • No. The premium fee is for the risk the surety undertakes when financially backing your bond. Should you cancel your bond, first year bond premiums are "fully earned". However, after the first year, a bond cancellation can result in a pro-rated returned premium depending on the bond cancellation language.

  • Is a bond needed for each mortgage originator / servicer?
  • It depends on the state. Some states require separate bonds of the company and individual originators within the company. Others only require a bond of the company, not the individuals.

    View our state requirement list below to see the bond requirements of the states you operate in. If it is not listed, contact the state to determine if there are any new requirements, as they may have changed.

  • Can I get licensed & bonded nationwide?
  • Yes. We are licensed in all 50 states and offer higher surety credit limits than most other bond agencies. This typically means you can get bonds in every state .

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Mortgage Lender Bond Requirements (1st & 2nd Mortgages)

SELECT A BOND TYPE BELOW TO APPLY

Filter by state
BOND REQUIRED BY BOND FORM VERSION APPLICATION
BOND REQUIRED BY BOND FORM VERSION
tt Mortgage Lender (Entity) Bond Dept of Commerce, Division of Real Estate Title 61, Chapter 2c APPLY NOW
tt Mortgage Lender/Originator Bond Commissioner of Banking Article 17, Chapter 31 APPLY NOW
tt Mortgage Lender Bond Commissioner of Banking Article 17, Chapter 31 APPLY NOW
tt Mortgage Lender Bond Division of Banking APPLY NOW
tt Mortgage Lender (Individual) Bond Dept of Commerce, Division of Real Estate Title 61, Chapter 2c APPLY NOW
Arizona Mortgage Banker Bond Bond Superintendent, Dept of Financial Institutions APPLY NOW
Arkansas Mortgage Banker Bond Securities Dept FMLA Form 008 orm, Amended January 12, 2012 APPLY NOW
California BOND OF RESIDENTIAL MORTGAGE LENDER AND/OR SERVICER Bond Commissioner of Corporations, Dept of Corporations MBL 50205 (02/01) APPLY NOW
California Finance Lender Bond Commissioner of Corporations, Dept of Corporations DBO 1422 CFLL (Rev. 11-13) APPLY NOW
Colorado Supervised Lender Bond Adminstrator of Uniform Consumer Credit Code 5-2-302, 5-2-304, 4 CCR 902-1) APPLY NOW
Connecticut Mortgage Licensee Bond Bond Dept of Banking 36a-485 to 36a-498f APPLY NOW
Delaware Licensed Lender Bond Office of the State Bank Commissioner Section 2208(a), Title 5, Updated: 09/30/02 APPLY NOW
District of Columbia Mortgage Lender Bond Dept of Ins., Securities & Banking 8/2010 APPLY NOW
District of Columbia Mortgage Lender Surety Bond Bond Dictrict of Columbia, Dept of Insurance Surety Bond Form - 08/2010 APPLY NOW
Georgia Residential Mortgage Bond Dept of Banking & Finance DBF Bond Form 07/11/08 APPLY NOW
Georgia Mortgage Lender Bond Dept of Banking and Finance APPLY NOW
Idaho Mortgage Lender Bond Idaho Dept of Finance APPLY NOW
Illinois RESIDENTIAL MORTGAGE LICENSE Bond Illinois Dept of Financial Regulation 20K IL 581-0102 (Rev 4-2012) APPLY NOW
Indiana Mortgage Lending Bond State of Indiana Dept of Financial Institutions State Form 53690 Date: May 2, 2012 APPLY NOW
Indiana First Lien Mortgage Lending Bond Securities Commissioner State Form 53690 (7-08) Form FLML B APPLY NOW
Iowa Mortgage Banker Bond Superintendant of Banking, Iowa Dept of Commerce Chapter 535B APPLY NOW
Kansas Supervised Lender or Mortgage Company Bond State Bank Commissioner 12/2009 APPLY NOW
Kentucky $100K Mortgage Loan Company Bond Executive Director, Office of Financial Institutions KRS 294.010 APPLY NOW
Kentucky $250K Mortgage Loan Company Bond Executive Director, Office of Financial Institutions KRS 294.010 8/08 APPLY NOW
Louisiana RESIDENTIAL MORTGAGE LENDER SURETY Bond Office of Financial Institutions $25K APPLY NOW
Louisiana Residential Mortgage Lender Surety Bond Office of Financial Institutions $50K APPLY NOW
Maine Supervised Lender Bond Bureau of Consumer Credit Protection Title 9-A M.R.S.A. 10-26-2007 APPLY NOW
Maryland Mortgage Lender Bond Commissioner of Financial Regulation 5/5/2009 APPLY NOW
Massachusetts Mortgage Lender Bond Treasurer and Reciever General CMR 42.03(2)(a)(2) Updated 9/24/2012 APPLY NOW
Michigan Bond - FIRST Mortgage Broker, Lender, and/or Servicer Bond Office of Financial and Insurance Services FIS 1140 (5/10) APPLY NOW
Minnesota Mortgage Lender Bond Dept of Commerce MN ST 58.01 to 58.18 APPLY NOW
Mississippi Mortgage Lender Bond Dept of Banking & Consumer Finance APPLY NOW
Missouri Mortgage Lender Bond Commissioner of Finance APPLY NOW
Montana Mortgage Lender License Bond Bond Division of Banking and Financial Institutions Rev June 2011 APPLY NOW
Montana Mortgage Lender Bond Division of Banking and Financial Institutions 32-9-123(2) APPLY NOW
Nebraska Mortgage Banker Bond Dept of Banking and Finance $100K, Revised 4/2012 APPLY NOW
Nebraska Mortgage Banker Bond Dept. of Banking and Finance $200K, Revised 4/2012 APPLY NOW
Nevada Mortgage Banker Bond Bond Division of Mortgage Lending Rev: 7/12/2011 APPLY NOW
Nevada Covered Service Provider Bond Bond State of Nevada APPLY NOW
New Hampshire Mortgage Banker Bond Bank Commissioner NH RSA 397-A 07-06 APPLY NOW
New Jersey Mortgage Lender Bond Dept of Banking and Insurance RMLABOND0210 APPLY NOW
New Mexico MORTGAGE LOAN COMPANY CORPORATE SURETY BOND Bond State Of New Mexico Revised 8/17/2009 APPLY NOW
New York REGISTERED MORTGAGE LOAN SERVICERS Bond Superintendent of Banks of the State of New York $250K APPLY NOW
New York Licensed Mortgage Banker Bond Bond NY Superintendent of Banks Jan 2004 APPLY NOW
North Carolina Mortgage Lender Bond Commissioner of Banks $150K, Form: MLA03 Rev. 7/29/2009 APPLY NOW
North Carolina Mortgage Lender Bond Commissioner of Banks $250K, Form: MLA03-A Rev. 7/29/2009 APPLY NOW
North Dakota Mortgage Lender Bond Dept of Financial Instituions, Consumer Division ND ST 13-04.1 APPLY NOW
Ohio OHIO MORTGAGE BROKER ACT Bond Superintendent of Financial Institutions 12/07/09 FINAL APPLY NOW
Oklahoma Supervised Lender License Bond Dept of Consumer Credit Revised 1/12/2006 APPLY NOW
Oklahoma Mortgage Lender Bond Bond Administrator of the Department of Consumer Credit APPLY NOW
Oregon Mortgage Lender Bond Division of Finance and Corporate Securities 440-2775 (2/10/COM) APPLY NOW
Pennsylvania Mortgage Lender Bond Dept of Banking APPLY NOW
Rhode Island Mortgage Lender Bond Dept of Business Regulation, Division of Banking 6-5-09 APPLY NOW
South Carolina Mortgage Lender Special Deposit Bond South Carolina Dept of Consumer Affairs Rev 08/10 APPLY NOW
South Carolina Mortgage Lender Bond State Board of Financial Institutions APPLY NOW
South Dakota MORTGAGE LENDER Bond DIVISION OF BANKING $25k APPLY NOW
South Dakota Money Lender Bond Bond Division of Banking APPLY NOW
Tennessee Mortgage Lender Bond STATE OF TENNESSEE Dept OF FINANCIAL INST. APPLY NOW
Texas Mortgage Lender Bond Dept of Savings and Mortgage Lending APPLY NOW
Vermont Loan Servicer Bond Commissioner of Banking & Insurance BISHCA 9/2010 LS APPLY NOW
Vermont Mortgage Lender Bond Commissioner of Banking & Insurance BISHCA 5/2008 APPLY NOW
Virginia Mortgage Lender Bond Bureau of Financial Institutions APPLY NOW
Washington Consumer Loan Business Bond Dept of Financial Institutions 7-20-12 APPLY NOW
Washington Residential Loan Servicing Business Bond Bond Dept of Financial Institutions 7-20-12 APPLY NOW
Wisconsin Mortgage Banker Bond State of Wisconsin, Dept of Financial Institution DFI/MB/400 (11/09) APPLY NOW
Wyoming SURETY BOND FOR MORTGAGE LENDERS AND BROKERS Bond Commissioner of Banking, Dept of Audit W.S. 40-23-101 to 40-23-123 APPLY NOW


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