New Jersey mortgage lender bonds, corporation.
From $100.
A corporation licensed as a New Jersey residential mortgage lender must obtain a blanket bond under the Residential Mortgage Lending Act before doing business. The Department of Banking and Insurance sets the amount at $150,000 for an initial license, rising with closed loan volume, and the premium is 0.6% of the bond amount, $100 minimum.
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How much does a New Jersey mortgage lender bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip on the RMLA blanket bond — enter your amount, pay, and upload the executed bond to NMLS. Here is the whole thing:
Apply online
Company details, your state of incorporation and county, the bond amount DOBI requires, and an effective date. No credit check up to $250,000 for individuals and partnerships (above that, a soft pull at most); for corporations and LLCs, one soft pull at every amount, never a hard inquiry.
Pay & e-sign
The premium is 0.6% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File it through NMLS
Your executed bond arrives by email, ready to submit electronically with your NJ residential mortgage lender license record. Wet-ink original mailed on request.
What it is and who needs it.
What the RMLA blanket bond covers
New Jersey licenses residential mortgage lenders under the Residential Mortgage Lending Act, P.L.2009, c.53 (N.J.S.A. 17:11C-51 et seq.). Before doing business, a business licensee must obtain a blanket bond in an amount and form prescribed by the Commissioner of Banking and Insurance — never less than $25,000 by statute, and set at $150,000 by regulation for an initial license.
The bond runs to the State for the benefit of any person injured by the wrongful act, default, fraud or misrepresentation of the business licensee — or of its qualified individual licensees, mortgage loan originators, other employees and agents. One bond covers your whole licensed lending operation, which is why the statute calls it a blanket bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The amount steps up with your closed loan volume after each annual report, and proof of the increase is due to the Department within 30 days, so we track your term and send renewal notices 60 and 30 days out.
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
File it through NMLS. Your executed bond arrives by email, ready to submit electronically with your NJ residential mortgage lender license 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 for individuals and partnerships (above that, a soft pull at most); for corporations and LLCs, one soft pull at every amount, never a hard inquiry.
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, state of incorporation, the bond amount, and an effective date.
Start the application →Common questions.
New Jersey mortgage license bonds.
We write 8 mortgage license bonds in New Jersey. 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 Broker Bond (Corporation) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1 | Varies | From $100 |
| Residential Mortgage Broker Bond (Individual or Partnership) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1 | Varies | From $100 |
| Correspondent Residential Mortgage Lender Bond | N.J.S.A. 17:11C-63 · DOBI correspondent lender checklist | Varies | From $100 |
| Correspondent Residential Mortgage Lender Bond (Corporation) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1, 3:15-3.2 and 3:15-3.6 · NJ Department of Banking and Insurance | Varies | Underwritten |
| Mortgage Servicer License Bond ($100,000 per office) | N.J.S.A. 17:16F-34 | Varies | From $100 |
| Residential Mortgage Lender Bond (Corporation) (this page) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1 | Varies | From $100 |
| Residential Mortgage Lender Bond (Individual or Partnership) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1 | Varies | From $100 |
| RMLA Licensed Mortgage Servicer Registration Bond | N.J.S.A. 17:16F-29(b)(4) · N.J.S.A. 17:16F-34 | Varies | From $100 |
Other New Jersey bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your RMLA lender bond today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.