New Jersey RMLA servicer bonds.
From $100.
A residential mortgage lender already licensed under the RMLA registers to service loans instead of taking a second license, and files the supplemental mortgage servicer surety bond required by N.J.S.A. 17:16F-34, set at $100,000 per office location. The premium is 0.6% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a New Jersey RMLA servicer 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 supplemental servicer bond — enter your penal sum, pay, and upload the executed bond to NMLS. Here is the whole thing:
Apply online
Company details, the penal sum for your office count, and an effective date. No credit check up to $250,000.
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 with your RMLA licensed mortgage servicer registration record. Wet-ink original mailed on request.
What it is and who needs it.
What the supplemental servicer bond covers
New Jersey's Mortgage Servicers Licensing Act exempts a person licensed as a residential mortgage lender under the RMLA from mortgage servicer licensure while acting as a mortgage servicer — but only if that person meets the supplemental mortgage servicer surety bond, fidelity bond and errors and omissions coverage requirements of N.J.S.A. 17:16F-34. That is what this registration filing is.
The supplemental surety bond is written on the same terms as a licensed servicer's: $100,000 per office location covering the main office and every branch from which you service, in a form approved by the Attorney General, conditioned on performing your written agreements with mortgagors and mortgagees and accounting for all funds received as a servicer. The exemption is not effective during any period your RMLA license is suspended.
It is not insurance for you — if the surety pays a claim, you repay the surety. Aggregate liability never exceeds the penal sum, and after a recovery on the bond the principal must file a new one. 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 with your RMLA licensed mortgage servicer registration 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. Above that, the carrier may run a soft pull, which never affects your score.
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, the penal sum, 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) | 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 (this page) | 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 .
File your supplemental servicer bond today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.