NC mortgage broker bonds.
0.6% of the bond amount.
The surety bond a North Carolina mortgage broker posts with the Commissioner of Banks under the NC S.A.F.E. Act, G.S. 53-244.103. The minimum is $75,000, stepping up with your North Carolina origination volume. The premium is 0.6% of the bond amount, $100 minimum — enter the amount NMLS shows and your exact price appears before you pay. Any credit screen is a soft pull only, never a hard inquiry.
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Apply to filed in one sitting.
Your bond amount is already set by statute and your volume tier. Here is the whole process:
Apply online
Business details, the bond amount your NMLS record calls for, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 0.6% of the bond amount with a $100 minimum, priced at checkout — the bond issues the moment you pay, with the power of attorney attached.
File with the Commissioner of Banks
Upload the executed bond through NMLS to the North Carolina Commissioner of Banks. Wet-ink original mailed on request.
What it is and who needs it.
What the SAFE Act bond covers
North Carolina licenses mortgage brokers through the Commissioner of Banks under Article 19B of Chapter 53 — the North Carolina Secure and Fair Enforcement Mortgage Licensing Act. G.S. 53-244.103 requires a mortgage broker to post a surety bond with the application, and the bond runs to the State for the benefit of any claimants against the licensee.
The amount is tiered by production. A mortgage broker posts a minimum of $75,000. If North Carolina originations in the 12-month period ending December 31 exceed $10 million but are under $50 million, the minimum becomes $125,000; at $50 million or more it becomes $250,000. Any increased bond must be filed with the Commissioner on or before May 31 following that period.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay continuously in force for the license to stay in force, so 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 — business details, your bond amount, an effective date, and a term.
Start the application →Common questions.
Other North Carolina bonds.
Mortgage broker bond, filed today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.