Section 26-1103 of the Mortgage Lenders and Brokers Act sets the license requirements filed with the Commissioner of the Department of Insurance, Securities and Banking, including the dual authority license that combines lender and broker activity. Subsection (i) requires a surety bond with each original and renewal application, running to the Commissioner for the benefit of the District and any person damaged by the licensee; the Commissioner prescribes the amounts, tiered to DC loan volume.

What the bond actually guarantees

You need this bond if you're

Checkout-priced bonds like this issue the moment you pay. Your e-signed bond will arrive by email, ready to file through NMLS with DISB.

DC Mortgage Dual Authority Bond: 0.6% of the bond amount, $100 min. One NMLS bond covering lender + broker authority under § 26-1103. Issued instantly.

Mortgage Dual Authority Bond (NMLS)

District of Columbia - Mortgage Dual Authority License (NMLS)

Final premium can vary based on underwriting factors

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Clear pricing.Instant issuance.