MS mortgage lender bonds.
From $100. Enter your amount.
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 — initial applicants are set at that maximum. The premium is 0.6% of the bond amount, $100 minimum, it issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
The bond is the quick half of a mortgage lender license renewal. Here is the whole process:
Apply online
Business details, the penal sum your license record calls for, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
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.
File through NMLS
Upload the executed bond to your Mississippi mortgage lender license record in NMLS. Wet-ink originals mailed on request.
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.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, the penal sum, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Mississippi bonds.
Get your mortgage lender bond on file.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.