NY exempt servicer bonds.
$1,500 flat.
A passive mortgage loan servicer — one that holds New York servicing rights but delegates the actual servicing to a registered servicer — can ask the Superintendent of Financial Services for an exemption under 3 NYCRR 418.2(e). The financial-responsibility bond still applies: $250,000 under 3 NYCRR 418.12, filed after DFS grants the exemption. Ours is $1,500 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
DFS asks for the bond after it grants the exemption, not with the request. Here is the entire process:
Apply online
Company details, your county, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $1,500 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with DFS
Your executed bond arrives by email in the exact legal name of the exempt entity, ready to submit once the Superintendent has granted the exemption. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
New York recognizes a narrow class of passive mortgage loan servicers: entities that own servicing rights on New York one-to-four family residential mortgages, are affiliated with an entity securitizing those mortgages, and do not themselves service — the work is delegated to a registered servicer. Under 3 NYCRR 418.2(e) such an entity may submit a written request to the Superintendent for an exemption from registration.
The exemption does not remove the financial-responsibility bond. Section 418.12 still requires a corporate surety bond in a principal amount of not less than $250,000 from a surety authorized in New York, issued in the applicant’s exact legal name as principal — and DFS asks for it after the exemption is granted, not with the request itself.
It is not insurance for you — if the surety pays a claim, you repay the surety. It's a three-party arrangement between you (the principal), the carrier, and the Superintendent of Financial Services (the obligee), with New York borrowers as the protected parties. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you are
One application, issued instantly.
These are the actual issuing fields — company details, your county, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other New York bonds.
Bond your exemption today.
$1,500 flat, issued the moment you pay, soft pull only. Free until issued.