Minnesota mortgage originator exemption bonds.
From $100.
Minnesota requires every state-licensed mortgage loan originator to be covered by a surety bond under Minn. Stat. § 58A.13. A company exempt from the residential mortgage originator license files this bond through NMLS to cover the MLOs it employs, sized to its origination volume. Ours is 0.6% of the bond amount, $100 minimum.
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How much does a Minnesota mortgage originator exemption bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The exemption bond is checkout-rated — enter your amount, pay, and post the bond to your NMLS record. Here is the whole process:
Apply online
Company details, your 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, $100 minimum — checkout-priced, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
Post it to your NMLS record
Minnesota tracks this bond in NMLS for the Department of Commerce. Your executed bond arrives by email, ready to associate with your company record — wet-ink original mailed on request.
What it is and who needs it.
What the exemption bond actually guarantees
Under Minnesota's S.A.F.E. Mortgage Licensing Act, every licensed mortgage loan originator must be covered by a surety bond (Minn. Stat. § 58A.13). An MLO who works for a company licensed under Chapter 58 rides on that employer's licensee bond — but a company that is exempt from residential mortgage originator licensing has no licensee bond, so it files this bond through NMLS to cover the state-licensed MLOs it employs.
It's a three-party arrangement: your company (the principal), the surety carrier, and the State of Minnesota, administered by the Department of Commerce (the obligee). The penal sum reflects the dollar amount of residential mortgage loans originated, using the tiers in Minn. Stat. § 58.08, subd. 1a(c) — $125,000 for up to $10 million in annual originations, scaling to $300,000 above $100 million.
It is not insurance for you — the bond answers for your MLOs' compliance with Minnesota's mortgage origination laws, and if the surety pays a claim, you repay the surety (the statute requires a replacement bond immediately after any recovery). We track the term and send renewal notices 60 and 30 days out so the bond never lapses off your NMLS record.
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
Post it to your NMLS record. Minnesota tracks this bond in NMLS for the Department of Commerce. Your executed bond arrives by email, ready to associate with your company record — 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.
These are the actual issuing fields — company details, your bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Minnesota mortgage license bonds.
We write 3 mortgage license bonds in Minnesota. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Residential Mortgage Originator Bond | Minn. Stat. § 58.08, subd. 1a | Varies | From $100 |
| Residential Mortgage Originator Exemption Bond (this page) | Minn. Stat. § 58A.13 | Varies | From $100 |
| Residential Mortgage Servicer Bond | Minn. Stat. § 58.08, subd. 2 | $125,000 or more | From $750 |
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your MLOs covered. Bond issued today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. No credit check up to $250,000. Free until issued.