New Mexico mortgage loan originator bonds.
From $100.
New Mexico's Mortgage Loan Originator Licensing Act (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.
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How much does a New Mexico mortgage loan originator bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
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; above $150,000, any check is a soft pull that never affects your score.
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
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 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 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 $150,000. 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 — your details, the penal sum, an effective date, a term, and the credit-consent box.
Start the application →Common questions.
New Mexico mortgage license bonds.
We write 2 mortgage license bonds in New Mexico. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Loan Company Bond | NMSA 1978 § 58-21-7 | Varies | From $100 |
| Mortgage Loan Originator Bond (this page) | NMSA 1978 § 58-21B-17 | Varies | From $100 |
Other New Mexico bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Originator bond, issued today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. No credit check up to $150,000, free until issued.