NC mortgage servicer bonds.
0.6% of the bond amount.
The surety bond a North Carolina mortgage servicer posts with the Commissioner of Banks under the NC S.A.F.E. Act, G.S. 53-244.103. The statutory minimum is $150,000, with higher amounts on the Commissioner’s table at higher volumes. 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. 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 the Commissioner’s table. 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 servicers 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 mortgage lenders, mortgage brokers, exclusive mortgage brokers, and mortgage servicers to post a surety bond with the Commissioner at application, and the bond runs to the State for the benefit of any claimants against the licensee.
A mortgage servicer posts a minimum bond of $150,000. The statute’s table steps the requirement up with volume in the 12-month period ending December 31 — the same $250,000 and $500,000 rungs that apply to lenders — and any increased surety bond must be filed with the Commissioner on or before May 31 immediately following that period.
It is not insurance for you — if the surety pays a claim, you repay the surety. Because servicers hold escrow and borrower payments, the Commissioner treats a lapsed bond as a licensing problem, not a paperwork one; keep it 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, and a term.
Start the application →Common questions.
Other North Carolina bonds.
Mortgage servicer bond, filed today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.