NM mortgage loan originator bonds.
0.6% of the bond amount.
New Mexico licenses mortgage loan originators under the New Mexico Mortgage Loan Originator Licensing Act, and NMSA § 58-21B-17 requires every originator to be covered by a surety bond with an initial penal sum of $50,000, stepping to $100,000 or $150,000 at renewal with in-state origination volume. The premium is 0.6% of the bond amount, $100 minimum, the bond issues the moment you pay, and the application's credit screen is a soft pull only — never a hard inquiry, and it never affects your score.
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Three steps. One sitting.
Originator bonds are amount-priced, not underwriting-priced. Pick the penal sum your tier requires, pay, and attach it to your NMLS record. Here is the whole process:
Apply online
Your details, years in business, the penal sum your tier requires, an effective date, and a term — plus the credit-consent box, which authorizes a soft pull that never shows as a hard inquiry.
Pay & e-sign
The bond issues the moment you pay — your executed bond and power of attorney generate on the spot at 0.6% of the bond amount, $100 minimum.
File with the Financial Institutions Division
Your executed bond arrives by email, ready to upload with your NMLS mortgage loan originator filing. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
New Mexico licenses mortgage loan originators under the New Mexico Mortgage Loan Originator Licensing Act, NMSA 1978 Chapter 58, Article 21B, administered by the Financial Institutions Division. Section 58-21B-17 says each mortgage loan originator shall be covered by a surety bond, with an initial penal sum of $50,000.
At renewal the penal sum tracks the total dollar amount of mortgage loans you originated in New Mexico during the year: $50,000 for zero to $3 million, $100,000 for more than $3 million and less than $10 million, and $150,000 at $10 million or more. If you are an employee or exclusive agent of a licensed mortgage loan company, that company's bond may be used in lieu of your own.
Every bond provides for suit by any person who has a cause of action under the Act, and the director may promulgate rules on the bond's requirements. 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're
One application, issued instantly.
These are the actual issuing fields — your details, the penal sum, an effective date, a term, and the credit-consent box.
Start the application →Common questions.
Other New Mexico bonds.
Originator bond, issued today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Soft pull only, free until issued.