Maryland mortgage lender bonds.
From $300.
Maryland has no separate mortgage broker license. Under Md. Code, Fin. Inst. § 11-501, a mortgage broker is a mortgage lender, so a broker files this same bond.
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.
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How much does a Maryland mortgage lender bond cost?
0.6% of the bond amount, from $300 at the $50,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. 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 application. No credit check up to $250,000.
Pay & e-sign
The premium is 0.6% of the bond amount, 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
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 through NMLS. Upload the executed bond to your NMLS record for the Maryland Office of Financial Regulation. 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 the bond amount the Commissioner set — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Maryland mortgage license bonds.
We write 2 mortgage license bonds in Maryland. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Lender Bond (this page) | Md. Code, Fin. Inst. § 11-508 | $50,000 or more | From $300 |
| Mortgage Lender Exempt Company Bond | Md. Code, Fin. Inst. § 11-619 & § 11-508 | Varies | From $100 |
Other Maryland bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your mortgage lender license today.
0.6% of the bond amount, issued the moment you pay. Free until issued.