North Carolina mortgage lender bonds.
From $900.
A North Carolina mortgage lender posts this surety bond 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; you bond the amount your NMLS record calls for. The premium is 0.6% of the bond amount.
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How much does a North Carolina mortgage lender bond cost?
0.6% of the bond amount, from $900 at the $150,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. 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. No credit check up to $250,000.
Pay & e-sign
The premium is 0.6% of the bond amount, 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
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 Commissioner of Banks. Upload the executed bond through NMLS to the North Carolina Commissioner of Banks. 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 $250,000. 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. No credit check up to $250,000.
Start the application →Common questions.
North Carolina mortgage license bonds.
We write 5 mortgage license bonds in North Carolina. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Loan Broker Bond ($10,000) | N.C.G.S. § 66-108 | $10,000 | $100 |
| Mortgage Broker Bond (NMLS) | N.C.G.S. § 53-244.103 | $75,000 or more | From $450 |
| Mortgage Lender Bond (NMLS) (this page) | N.C.G.S. § 53-244.103 | $150,000 or more | From $900 |
| Mortgage Servicer Bond (NMLS) | N.C.G.S. § 53-244.103 | $150,000 or more | From $900 |
| Reverse Mortgage Lender Bond ($100,000) | 04 NCAC 03K · N.C.G.S. Ch. 53, Art. 21 | $100,000 | $600 |
Other North Carolina bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Mortgage lender bond, filed today.
0.6% of the bond amount, issued the moment you pay. Free until issued.