MD exempt company registration bonds.
0.6% of the bond amount.
A company exempt from Maryland mortgage-lender licensing still has to cover its licensed mortgage loan originators — Md. Code, Fin. Inst. § 11-619 lets an originator rely on the employing company's surety bond, so an exempt company registers with the Office of Financial Regulation through NMLS and posts a bond meeting the § 11-508 volume-based amounts. 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
Company details, 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 registration 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's SAFE Act implementation, Fin. Inst. Title 11, Subtitle 6, requires every licensed mortgage loan originator to be covered by a surety bond. Under § 11-619, an originator employed by a company subject to the Mortgage Lender Law may rely on that company's bond — and a company exempt from mortgage-lender licensing (a bank affiliate or other exempt person) registers with the Office of Financial Regulation and posts its own bond so its sponsored originators are covered.
The bond follows the § 11-508 volume-based amounts that apply to licensed mortgage lenders, and it runs to the Commissioner of Financial Regulation for the benefit of the State and borrowers harmed by a violation of Maryland's mortgage lending laws.
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 as long as you sponsor Maryland-licensed originators; 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 your registration requires — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Maryland bonds.
Cover your originators today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.