NE mortgage banker bonds.
From $100. Enter your amount.
Nebraska licenses mortgage bankers under the Residential Mortgage Licensing Act, and Neb. Rev. Stat. § 45-724 conditions the license on a $100,000 surety bond filed with the Department of Banking and Finance — rising to $125,000, $150,000, or $200,000 as your closed Nebraska loan volume grows. Pricing is 0.6% of the bond amount, $100 minimum, your exact price appears at the application, and the bond issues the moment you pay.
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Apply to filed in one sitting.
No quote round-trip on this bond — enter your amount, pay, and file through NMLS. Here is the whole thing:
Apply online
Your company details, the bond amount your license requires, and the effective date — that is the entire application. No financial statements.
Issued the moment you pay
Your exact price appears before you pay, so there is nothing to wait on — the executed bond and power of attorney generate on the spot.
File with the Department
Upload the executed bond to your NMLS mortgage banker record for the Nebraska Department of Banking and Finance. Wet-ink original mailed on request.
What it is and who needs it.
What the mortgage banker bond covers
Nebraska licenses and registers mortgage bankers under the Residential Mortgage Licensing Act, Neb. Rev. Stat. §§ 45-701 to 45-754, administered by the Department of Banking and Finance. An applicant must file a surety bond of $100,000, furnished by a surety company authorized to do business in Nebraska, before the license or registration issues.
After the annual mortgage report of condition under § 45-726, the licensee maintains or increases the bond to match the dollar amount of closed residential mortgage loans originated in Nebraska in the preceding calendar year: $100,000 through $5 million, $125,000 above $5 million, $150,000 above $10 million, and $200,000 above $25 million. The Department gives written notice and thirty days to increase a bond that has fallen behind, and the Director may require additional supplemental security where the bond proves inadequate.
The bond runs for the use of the State of Nebraska and any Nebraska resident with a claim against the licensee — or against a mortgage loan originator employed by the licensee. It is not insurance for you: if the surety pays a claim, you repay the surety. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you are
One application, issued instantly.
Submit the application with the bond amount your license requires — the executed bond is generated the moment you pay, ready to upload to NMLS.
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Other Nebraska bonds.
Mortgage banker bond, filed today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.