Mortgage broker bonds.
Every state we write.
A mortgage broker bond is the surety bond a state requires before it licenses a company to arrange home loans for borrowers. Some states license brokers on their own; others put brokers under the lender, banker or mortgage company license, and the broker files that bond. Pick your state below for the license, the bond amount and the price.
How much does a mortgage broker bond cost?
In every state we write it, the bond page shows the price, starting from $100 in one state and up to $1,200 in another, by the bond amount the state sets. Pick your state below for its price and what sets the bond amount.
How do I get a mortgage broker bond?
Pick your state below. The bond page names who requires the bond and the amount, and states the price. Apply online on that page with your business details and the bond amount; you see the price before you pay.
Alabama Mortgage Broker Bond (NMLS)
The NMLS surety bond a mortgage broker files with the State Banking Department under Ala. Code § 5-25-5. 0.6% of the bond amount, $100 minimum.
View bond details & applyAlaska Mortgage Broker / Lender Bond ($75,000) — NMLS
The $75,000 NMLS surety bond an Alaska mortgage broker or lender maintains under AS 06.60.045 to hold its license. $450 flat.
View bond details & applyArizona Commercial Mortgage Broker Bond
The licensing bond an Arizona commercial mortgage broker files under A.R.S. 6-903 — $10,000 with institutional-only investors, $15,000 otherwise. 0.6% of the bond amount, $100 minimum.
View bond details & applyArizona Mortgage Broker Bond
The licensing bond an Arizona mortgage broker files under A.R.S. 6-903 — $10,000 with institutional-only investors, $15,000 otherwise. 0.6% of the bond amount, $100 minimum.
View bond details & applyArkansas Mortgage Broker Bond ($100,000)
The $100,000 Fair Mortgage Lending Act bond for mortgage brokers with up to $10M in Arkansas loan volume, filed via NMLS under A.C.A. § 23-39-505(f). $600 flat.
View bond details & applyArkansas Mortgage Broker Bond ($150,000)
The $150,000 Fair Mortgage Lending Act bond for mortgage brokers between $10M and $25M in Arkansas loan volume, filed via NMLS under A.C.A. § 23-39-505(f). $900 flat.
View bond details & applyArkansas Mortgage Broker Bond ($200,000)
The $200,000 Fair Mortgage Lending Act bond for mortgage brokers over $25M in Arkansas loan volume, filed via NMLS under A.C.A. § 23-39-505(f). $1,200 flat.
View bond details & applyConnecticut Mortgage Broker Bond
The volume-tiered NMLS surety bond a Connecticut mortgage broker files with the Department of Banking under CGS 36a-492 — $50,000 and up. 0.6% of the bond amount.
View bond details & applyDelaware Mortgage Broker Bond ($25,000)
The $25,000 bond every Delaware mortgage loan broker files with the State Bank Commissioner under 5 Del. C. § 2108. $150 flat.
View bond details & applyDistrict of Columbia Mortgage Broker Bond (NMLS)
The DISB surety bond a DC mortgage broker files through NMLS under D.C. Code § 26-1103 — tiered $12,500 to $50,000. 0.6% of the bond amount, $100 minimum.
View bond details & applyGeorgia Mortgage Broker Bond ($150,000) — NMLS
The $150,000 bond a Georgia mortgage broker maintains under O.C.G.A. § 7-1-1003.2, filed via NMLS with the Department of Banking and Finance. $900 flat.
View bond details & applyIowa Mortgage Broker Bond — NMLS
The $100,000 NMLS surety bond an Iowa mortgage broker maintains under Iowa Code 535B.9. 0.6% of the bond amount.
View bond details & applyKansas Mortgage Company License Bond ($125,000, NMLS)
The $125,000 tier of the Kansas mortgage company bond under K.S.A. 9-2211 — the amount the commissioner’s regulations set for higher-volume licensees, filed through NMLS. $750 flat.
View bond details & applyKansas Mortgage Company License Bond (NMLS)
The surety bond a Kansas mortgage company files with the State Bank Commissioner under K.S.A. 9-2211, submitted through NMLS. 0.6% of the bond amount.
View bond details & applyKentucky Mortgage Broker Bond ($50,000)
The $50,000 bond KRS 286.8-060 requires for a Kentucky mortgage loan broker license, filed through NMLS. $300 flat.
View bond details & applyMaryland Mortgage Lender Bond
The Commissioner-set bond a Maryland mortgage lender files via NMLS under Fin. Inst. § 11-508. 0.6% of the bond amount.
View bond details & applyMichigan 1st Mortgage Broker & Lender License Bond ($25,000) — NMLS
The $25,000 MCL 445.1654 bond for a Michigan 1st Mortgage Broker and Lender license, filed through NMLS. 0.6% of the bond amount — $150 at checkout.
View bond details & applyMichigan 1st Mortgage Broker License Bond ($25,000) — NMLS
The $25,000 MCL 445.1654 bond for a Michigan 1st Mortgage Broker license, filed through NMLS. 0.6% of the bond amount — $150 at checkout.
View bond details & applyMichigan 1st Mortgage Broker, Lender & Servicer Bond — NMLS
The MCL 445.1654 financial-responsibility bond for MI first-mortgage brokers, lenders, and servicers, filed via NMLS. 0.6% of the bond amount.
View bond details & applyMichigan 2nd Mortgage Broker & Lender License Bond ($25,000) — NMLS
The $25,000 MCL 493.56 bond for a Michigan 2nd Mortgage Broker and Lender license, filed through NMLS. 0.6% of the bond amount — $150 at checkout.
View bond details & applyMichigan 2nd Mortgage Broker & Lender Registrant Bond ($25,000) — NMLS
The $25,000 MCL 493.56 bond for a Michigan 2nd Mortgage Broker and Lender registration, filed through NMLS. 0.6% of the bond amount — $150 at checkout.
View bond details & applyMichigan 2nd Mortgage Broker License Bond ($25,000) — NMLS
The $25,000 MCL 493.56 bond for a Michigan 2nd Mortgage Broker license, filed through NMLS. 0.6% of the bond amount — $150 at checkout.
View bond details & applyMichigan 2nd Mortgage Broker Registrant Bond ($25,000) — NMLS
The $25,000 MCL 493.56 bond for a Michigan 2nd Mortgage Broker registration, filed through NMLS. 0.6% of the bond amount — $150 at checkout.
View bond details & applyMichigan 2nd Mortgage Broker, Lender & Servicer Bond ($125,000) — NMLS
The $125,000 bond a Michigan secondary mortgage broker, lender, and servicer posts under MCL 493.56, filed through NMLS. $750 flat.
View bond details & applyMichigan 2nd Mortgage Broker, Lender & Servicer Registrant Bond ($125,000) — NMLS
The $125,000 MCL 493.56 bond for a Michigan 2nd Mortgage Broker, Lender and Servicer registration, filed through NMLS. 0.6% of the bond amount — $750 at checkout.
View bond details & applyMinnesota Residential Mortgage Originator Bond
The NMLS licensee bond a Minnesota residential mortgage originator files under Minn. Stat. 58.08, tiered $125,000 to $300,000. 0.6% of the bond amount, $100 minimum.
View bond details & applyMississippi Mortgage Broker Bond
The S.A.F.E. Mortgage Act bond a licensed Mississippi mortgage broker maintains under Miss. Code § 81-18-11. 0.6% of the bond amount, $100 minimum.
View bond details & applyMontana Mortgage Broker Bond
The Montana Mortgage Act bond a licensed mortgage broker files through NMLS under MCA 32-9-123. 0.6% of the bond amount, $100 minimum.
View bond details & applyNebraska Mortgage Banker Bond
The $100,000 bond a Nebraska mortgage banker files with the Department of Banking and Finance under Neb. Rev. Stat. § 45-724, scaling to $200,000 by loan volume. 0.6% of the bond amount.
View bond details & applyNew Hampshire Mortgage Broker Bond ($50,000)
The $50,000 continuous bond a New Hampshire nondepository mortgage broker posts to the bank commissioner under RSA 397-A:5. $300 flat.
View bond details & applyNew Jersey Residential Mortgage Broker Bond (Corporation)
The RMLA blanket bond a corporate residential mortgage broker files with the NJ Department of Banking and Insurance through NMLS — $150,000 to start. 0.6% of the bond amount, $100 minimum.
View bond details & applyNew Jersey Residential Mortgage Broker Bond (Individual or Partnership)
The RMLA blanket bond an individual or partnership licensed as a New Jersey residential mortgage broker files with DOBI through NMLS. 0.6% of the bond amount, $100 minimum.
View bond details & applyNew Mexico Mortgage Loan Company Bond
The $50,000-minimum bond a New Mexico mortgage loan company files with the Financial Institutions Division under NMSA 58-21-7. 0.6% of the bond amount, $100 minimum.
View bond details & applyNew York Mortgage Broker Bond
The corporate surety bond a registered New York mortgage broker files with DFS under 3 NYCRR 410.14. 0.6% of the bond amount, $100 minimum.
View bond details & applyNorth Carolina Mortgage Broker Bond (NMLS)
The NC SAFE Act bond a mortgage broker files with the Commissioner of Banks — $75,000 minimum, more by volume. 0.6% of the bond amount.
View bond details & applyNorth Dakota Residential Mortgage Lender Bond
The bond every North Dakota residential mortgage lender maintains under NDCC 13-12-07, with a $50,000 statutory floor. 0.6% of the bond amount, $100 minimum.
View bond details & applyOhio Residential Mortgage Lending Act Bond
The RMLA registrant bond in favor of the Superintendent under ORC 1322.32. 0.6% of the bond amount.
View bond details & applySouth Carolina Mortgage Broker Bond (NMLS)
The volume-tiered $25,000–$55,000 bond every licensed South Carolina mortgage broker files with Consumer Affairs under S.C. Code 40-58-40. 0.6% of the bond amount.
View bond details & applySouth Dakota Mortgage Broker Bond
The volume-sized SDCL 54-14-24 bond a South Dakota mortgage broker files through NMLS, from $25,000. 0.6% of the bond amount.
View bond details & applyVermont Mortgage Broker License Bond
The volume-tiered $25,000–$100,000 bond a Vermont mortgage broker files under 8 V.S.A. § 2203. 0.6% of the bond amount.
View bond details & applyVirginia Mortgage Broker and Lender Bond (NMLS)
The dual-authority bond a Virginia mortgage company files with the State Corporation Commission under Va. Code § 6.2-1604 — $50,000 minimum penal sum. 0.6% of the bond amount — $300 at the $50,000 minimum.
View bond details & applyVirginia Mortgage Broker Bond (NMLS)
The broker-authority bond a Virginia mortgage company files under Va. Code § 6.2-1604 — $25,000 minimum penal sum. 0.6% of the bond amount — $150 at the $25,000 minimum.
View bond details & applyWashington Mortgage Broker Bond (NMLS)
The $20,000–$60,000 bond a Washington mortgage broker files under RCW 19.146.205, sized by loan volume. 0.6% of the bond amount — $120 at the $20,000 base tier.
View bond details & applyWisconsin Mortgage Broker Bond ($120,000)
The $120,000 bond a Wisconsin mortgage broker files with the division under Wis. Stat. 224.72(4)(am). 0.6% of the bond amount — $720 at checkout.
View bond details & applyWyoming Mortgage Broker Bond ($25,000)
The $25,000 W.S. 40-23-110 bond a Wyoming mortgage broker files with the Division of Banking through NMLS. $150 flat.
View bond details & applyMortgage broker bonds, in plain terms
A licensing condition that protects borrowers and the state.
Who needs one
A company that takes residential mortgage applications or arranges loans for a fee, in a state whose license for that work requires a bond. A few states license brokers with no bond and a recovery fund instead.
What it protects
Borrowers and the state. A claim follows fraud, misrepresentation or a violation of the licensing law, up to the bond amount.
How the amount is set
By the state: a fixed figure in some, a tier by loan volume in others. Each state page states its rule and the price.
Trusted by industry leaders
Browse surety bonds by state.
- Federal surety bonds
- Alabama surety bonds
- Alaska surety bonds
- Arizona surety bonds
- Arkansas surety bonds
- Colorado surety bonds
- Connecticut surety bonds
- Delaware surety bonds
- District of Columbia surety bonds
- Florida surety bonds
- Georgia surety bonds
- Hawaii surety bonds
- Idaho surety bonds
- Illinois surety bonds
- Indiana surety bonds
- Iowa surety bonds
- Kansas surety bonds
- Kentucky surety bonds
- Louisiana surety bonds
- Maine surety bonds
- Maryland surety bonds
- Michigan surety bonds
- Minnesota surety bonds
- Mississippi surety bonds
- Missouri surety bonds
- Montana surety bonds
- Nebraska surety bonds
- Nevada surety bonds
- New Hampshire surety bonds
- New Jersey surety bonds
- New Mexico surety bonds
- New York surety bonds
- North Carolina surety bonds
- North Dakota surety bonds
- Ohio surety bonds
- Oklahoma surety bonds
- Oregon surety bonds
- Rhode Island surety bonds
- South Carolina surety bonds
- South Dakota surety bonds
- Tennessee surety bonds
- Texas surety bonds
- Utah surety bonds
- Vermont surety bonds
- Virginia surety bonds
- Washington surety bonds
- Wisconsin surety bonds
- Wyoming surety bonds