Alabama mortgage broker bonds.
From $100.
Alabama licenses mortgage brokers through the State Banking Department under the Mortgage Brokers Licensing Act, and the license application, filed through the NMLS, carries a surety bond tiered to your loan volume: $25,000, $50,000, or $75,000. The premium is 0.6% of the bond amount, $100 minimum.
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How much does an Alabama mortgage broker bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the Alabama mortgage broker bond — enter your amount, pay, and file through the NMLS. Here is the whole thing:
Apply online
Business details, your bond amount tier, an effective date, and a term. That is the application. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Pay & e-sign
The premium is 0.6% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with your NMLS application
Your executed bond arrives by email, ready to submit with your State Banking Department license filing through the NMLS. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Alabama's Mortgage Brokers Licensing Act requires a license from the State Banking Department to broker residential mortgage loans in the state. The application — filed through the NMLS — includes a surety bond under Ala. Code § 5-25-5, sized to your prior-year Alabama loan volume: $25,000 up to $25 million, $50,000 up to $100 million, and $75,000 above that.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Alabama (the obligee). The bond stands behind your compliance with the Act — the disclosure, recordkeeping, and conduct rules that protect Alabama borrowers who pay a broker to arrange a mortgage.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay continuously on file for the license to stay in good standing; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your NMLS application. Your executed bond arrives by email, ready to submit with your State Banking Department license filing through the NMLS. Wet-ink original mailed on request.
What sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
Submit the application with your bond amount tier — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Alabama bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your mortgage broker license today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.