MD mortgage lender bonds.
0.6% of the bond amount.
The Maryland Mortgage Lender Law requires every licensee to file a surety bond under Md. Code, Fin. Inst. § 11-508 — in an amount the Commissioner of Financial Regulation sets between $50,000 and $750,000, keyed to the nature and volume of your Maryland mortgage business. The premium is 0.6% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Apply to filed in one sitting.
No quote queue — enter your amount, pay, and upload the bond to NMLS. Here is the whole thing:
Apply online
Business details, your NMLS identifier, the bond amount, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 0.6% of the bond amount ($100 minimum), computed on the spot — the bond issues the moment you pay, with your executed bond and power of attorney generated instantly.
File through NMLS
Upload the executed bond to your NMLS record for the Maryland Office of Financial Regulation. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maryland licenses mortgage lenders, brokers, and servicers under the Maryland Mortgage Lender Law, Fin. Inst. Title 11, Subtitle 5. Section 11-508 requires each licensee to file a surety bond in an amount the Commissioner of Financial Regulation sets — not less than $50,000 and not more than $750,000 — after weighing the nature and volume of your business, your financial condition, and the quality of your operations and management.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commissioner as obligee, for the benefit of the State and any mortgage loan borrower harmed by a violation of Maryland's mortgage lending laws. The statute also allows a trust account or irrevocable letter of credit in place of the bond — but the bond is the route nearly every licensee takes, because nothing is deposited or tied up.
It is not insurance for you — if the surety pays a claim, you repay the surety. The surety's liability is continuous and is not affected by insolvency or license suspension, so the bond has to stay on file for the life of the license; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
Submit the application with the bond amount the Commissioner set — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Maryland bonds.
Finish your mortgage lender license today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.