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NJ RMLA servicer bonds.
0.6% of the bond amount.

A residential mortgage lender already licensed under the RMLA does not take a second license to service loans — it registers, and files the supplemental mortgage servicer surety bond required by N.J.S.A. 17:16F-34: $100,000 per office location, plus a fidelity bond and errors and omissions coverage. The premium is 0.6% of the bond amount, $100 minimum. Any credit screen is a soft pull only — it never affects your score.

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The supplemental servicer bond that keeps an RMLA lender exempt from servicer licensure
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$100,000 per office location from which you act as a mortgage servicer
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0.6% of the bond amount, $100 minimum — your exact price appears at the application
0.6% rate$100 minimumInstantissuance at checkoutSoft pullnever a hard inquiry
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Apply to filed in 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:

NOW · ONLINE

Apply online

Company details, the penal sum for your office count, and an effective date. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

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.

SAME DAY

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.

About this bond

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.

N.J.S.A. 17:16F-29(b)(4) · N.J.S.A. 17:16F-34Section 3 of the New Jersey Mortgage Servicers Licensing Act exempts from mortgage servicer licensing any person licensed as a residential mortgage lender under the New Jersey Residential Mortgage Lending Act while acting as a mortgage servicer, provided the person meets the supplemental mortgage servicer surety bond, fidelity bond and errors and omissions coverage requirements under section 8 of the act, and provided the exemption is not effective during any period the residential mortgage lender license is suspended. Section 8, codified at N.J.S.A. 17:16F-34, requires that surety bond to cover the main office and any branch office from which the person acts as mortgage servicer, in a penal sum of $100,000 per office location, in a form approved by the Attorney General.

You need this bond if you're

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An RMLA-licensed residential mortgage lender that also services the loans it originates
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Registering as a mortgage servicer instead of applying for a separate servicer license
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Adding a servicing office — each location adds $100,000 to the penal sum
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Filing a replacement bond after a recovery or a cancellation notice

One application, issued instantly.

These are the actual issuing fields — company details, the penal sum, and an effective date.

Start the application →
FAQ

Common questions.

How much is the RMLA servicer registration bond?The premium is 0.6% of the bond amount, with a $100 minimum. On a single-office $100,000 penal sum that works out to $600. Your exact price appears at the application, before you pay.
Why is this separate from my RMLA blanket bond?The RMLA blanket bond covers your lending and brokering. Servicing is governed by a different act, and it carries its own supplemental surety bond at $100,000 per office location. You file both.
What happens if my RMLA license is suspended?The servicer licensing exemption is not effective during any period the residential mortgage lender license is suspended in New Jersey — so the registration does not carry you through a suspension.
Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 0.6% of the bond amount either way.
Where do I file it?Electronically through NMLS, on your New Jersey registration record with the Department of Banking and Insurance. The bond principal name must match your licensed entity name exactly.
Related bonds

Other New Jersey bonds.

NJ Mortgage Servicer Bond ($100,000)
The $100,000-per-office bond a licensed mortgage servicer files under N.J.S.A. 17:16F-34. 0.6% of the bond amount, $100 minimum.
View bond →
NJ Mortgage Lender Bond (Corporation)
The RMLA blanket bond a corporate residential mortgage lender files with DOBI through NMLS. 0.6% of the bond amount, $100 minimum.
View bond →
NJ Mortgage Broker Bond (Corporation)
The RMLA blanket bond a corporate residential mortgage broker files with DOBI through NMLS. 0.6% of the bond amount, $100 minimum.
View bond →

File your supplemental servicer bond today.

0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

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Your premiumfrom $100
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