Mississippi mortgage lender bonds.
From $100.

Mississippi licenses mortgage lenders under the Mississippi S.A.F.E. Mortgage Act, administered by the Department of Banking and Consumer Finance. The penal sum is set by the commissioner from your prior-year loan activity and cannot exceed $150,000 for a mortgage lender. The premium is 0.6% of the bond amount, $100 minimum.

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Required to hold a Mississippi mortgage lender license under Miss. Code § 81-18-11

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Amount set by the commissioner on prior-year loan activity — capped at $150,000 for lenders

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0.6% of the bond amount, $100 minimum — your exact price appears at the application

0.6% rate$100 minimumInstantissuance at checkoutNo credit check up to $150,000larger amounts not checked for every entity type

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Price

How much does a Mississippi mortgage lender bond cost?

0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.

How it works

Three steps. One sitting.

The bond is the quick half of a mortgage lender license renewal. Here is the whole process:

NOW · ONLINE

Apply online

Business details, the penal sum your license record calls for, an effective date, and a term. No credit check up to $150,000.

INSTANTLY

Pay & e-sign

Your exact premium — 0.6% of the bond amount, $100 minimum — appears before you pay, and the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

File through NMLS

Upload the executed bond to your Mississippi mortgage lender license record in NMLS. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

The Mississippi S.A.F.E. Mortgage Act requires mortgage loan originators to be covered by a surety bond, and an originator who is an employee or exclusive agent of a licensed entity is covered by that entity's bond — which is why the licensed lender carries the filing. The commissioner sets the penal sum based on loan activity during the previous year, and it may not exceed $150,000 for a mortgage lender.

It's a three-party arrangement: you (the principal), the surety carrier, and the State of Mississippi (the obligee). The bond runs first in favor of the state for the use, benefit, and indemnity of any person who suffers damage or loss from a breach of contract or violation of law, and second for the payment of civil penalties, criminal fines, or costs of investigation and prosecution incurred by the state.

It is not insurance for you — if the surety pays a claim, you repay the surety. Because the amount is recalculated from prior-year volume, the required penal sum can move at renewal; we track the term and send renewal notices 60 and 30 days out.

Miss. Code Ann. § 81-18-11Section 81-18-11 of the Mississippi S.A.F.E. Mortgage Act requires each mortgage loan originator to be covered by a surety bond, with employees and exclusive agents of a licensed entity covered under that entity’s bond. The penal sum is maintained in an amount determined by the commissioner by rule or regulation, based upon loan activity during the previous year, and may not exceed $25,000 for a mortgage broker or $150,000 for a mortgage lender; for an initial applicant the amount is set at those maximums. The bond runs in favor of the State of Mississippi for the use, benefit, and indemnity of any person damaged by a breach of contract or violation of law, and for the payment of civil penalties, criminal fines, and costs of investigation or prosecution.

You need this bond if you're

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Applying for a Mississippi mortgage lender license through NMLS with the DBCF

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Renewing a lender license whose penal sum was reset from last year’s loan activity

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Employing mortgage loan originators who are covered under your entity’s bond

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Reinstating a license that lapsed with an expired bond on file

After you buy

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 Mississippi mortgage lender license record in NMLS. Wet-ink originals 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 $150,000.

One application, issued instantly.

These are the actual issuing fields — business details, the penal sum, an effective date, and a term. That is the application.

Start the application →

FAQ

Common questions.

How much is the Mississippi mortgage lender bond?The premium is 0.6% of the bond amount, $100 minimum. The penal sum is set by the commissioner from your prior-year loan activity and capped at $150,000 for a lender, so your exact price appears at the application, before you pay.

What penal sum should I enter?The figure on your NMLS license record. Initial mortgage lender applicants are set at the $150,000 maximum; on renewal the commissioner recalculates the amount from the prior year’s loan activity.

Do my loan originators need their own bonds?Not if they are your employees or exclusive agents — Miss. Code § 81-18-11 covers a registered originator under the licensed entity’s surety bond. The lender carries the filing.

Is there a credit check?No credit check up to $150,000. Larger amounts were not checked for every entity type. The rate stays 0.6% of the bond amount, $100 minimum, either way.

Where do I file it?With the Mississippi Department of Banking and Consumer Finance, through your NMLS license record. We issue the executed bond ready to upload, and mail a wet-ink original whenever the Department asks for one.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Which license is yours

Mississippi mortgage license bonds.

We write 3 mortgage license bonds in Mississippi. Each license has its own bond, amount and price; pick the one your license calls for.

License bond	Required by	Bond amount	Price
Consumer Loan Broker Bond	Miss. Code Ann. § 81-19-9(3)	Varies	From $100
Mortgage Broker Bond	Miss. Code Ann. § 81-18-11	Varies	From $100
Mortgage Lender Bond (this page)	Miss. Code Ann. § 81-18-11	Varies	From $100

Related bonds

Other Mississippi bonds.

Nearby states

The same bond in nearby states.

Price and requirements checked on the carrier’s application, 13 October 2026.

Get your mortgage lender bond on file.

0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

Start application