NC mortgage lender bonds.
0.6% of the bond amount.
The surety bond a North Carolina mortgage lender posts with the Commissioner of Banks under the NC S.A.F.E. Act, G.S. 53-244.103. The minimum is $150,000, stepping up with your North Carolina origination volume. The premium is 0.6% of the bond amount, $100 minimum — enter the amount your NMLS record calls for and your exact price appears before you pay. The application’s credit consent is a soft inquiry that does not affect your score.
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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, years in business, the bond amount your NMLS record calls for, an effective date, and a term. The credit consent on the form authorizes a soft inquiry that does not affect your score.
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 lenders 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 the lender 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 lender posts a minimum of $150,000. If North Carolina originations in the 12-month period ending December 31 exceed $10 million but are under $50 million, the minimum becomes $250,000; at $50 million or more it becomes $500,000. 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 statute also lets the Commissioner waive or reduce the bond for licensees meeting specified net worth and compliance standards; unless you have that waiver in hand, keep the bond continuously in force. 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, a term, and the credit consent.
Start the application →Common questions.
Other North Carolina bonds.
Mortgage lender bond, filed today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.