ND exempt company bonds.
From $100. Enter your amount.

Some companies doing business under North Dakota's money broker and residential mortgage laws qualify for an exemption from full licensure, yet the Department of Financial Institutions (DFI) still has them register as an Exempt Company on the Nationwide Multistate Licensing System (NMLS) — the same registry that carries their sponsored mortgage loan originators. When your filing calls for a bond to accompany that registration, premiums cost 0.5% of the bond amount, $100 minimum, and the application collects no credit information.

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Filed with the North Dakota Department of Financial Institutions through your company's NMLS record

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For a company that qualifies as an exempt entity but still registers, and sponsors licensed individuals, on NMLS

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From $100, no credit section in the application — enter the bond amount your filing specifies and see your exact price at application

From $1000.5% of the bond amount, $100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

No long underwriting queue for the standard exempt-company bond — enter your amount, pay, and attach the executed bond to your NMLS record. Here is the whole thing:

TODAY · ONLINE

Apply online

Your company details, the bond amount your Exempt Company filing specifies, and the effective date — that is the entire application.

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The application collects no credit information, and most applications approve instantly. If a check ever runs on a larger amount, it is a soft pull that will not touch your score.

SAME DAY

Attach to your NMLS record

Upload the executed bond to your company's NMLS filing, or submit it directly to the Department of Financial Institutions if your notice asks for that. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the Exempt Company registration actually is

North Dakota's Money Brokers Act and Residential Mortgage Lenders Act exempt certain entities from full state licensure — banks, credit unions, savings and loan associations, insurance companies, trust companies, and several other categories are named exemptions from those chapters. A company that fits one of those exemptions but still does business connected to North Dakota lending, or that sponsors individuals who must be licensed as mortgage loan originators, typically still needs a company record on the Nationwide Multistate Licensing System (NMLS) — the registry the Department of Financial Institutions and its sister agencies across the country share.

That record is commonly called an Exempt Company registration: it identifies the company, links it to any licensed individuals it sponsors, and keeps the Department's oversight of North Dakota lending activity complete even where the company itself does not need a full money broker or residential mortgage lender license. When the Department directs an Exempt Company filer to post a bond alongside that registration, we do not know of a single statewide dollar figure fixed by statute for it — the Department directs the amount case by case, and your NMLS filing or DFI correspondence will state the figure that applies to you.

Enter the bond amount your filing specifies and your exact premium is priced from a $100 minimum. The application collects no credit information, and larger amounts may draw a brief underwriter look before issuance.

North Dakota Department of Financial Institutions — NMLS Exempt Company registrationNorth Dakota's Money Brokers Act (N.D.C.C. ch. 13-04.1) and Residential Mortgage Lenders Act (N.D.C.C. ch. 13-12) each list entities exempt from the license requirement of that chapter — see N.D.C.C. § 13-04.1-02.1 and § 13-12-04 — including banks, credit unions, savings and loan associations, insurance companies, trust companies, and institutions chartered by the Farm Credit Administration, among others. Both chapters are administered by the Department of Financial Institutions, which also administers the state's participation in the Nationwide Multistate Licensing System. Where the Department directs an exempt entity to file a company record and an accompanying bond on NMLS, we could not find a separate published statute fixing that bond's dollar amount; confirm the exact figure and any deadline directly on your NMLS filing or DFI correspondence.

You need this bond if you are

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A company that qualifies as an exempt entity under the Money Brokers Act or Residential Mortgage Lenders Act, but the Department still directs you to register on NMLS

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A company sponsoring one or more licensed mortgage loan originators in North Dakota through an Exempt Company NMLS record

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Renewing or updating an existing Exempt Company registration where the Department has asked for a bond to remain on file

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Responding to a specific DFI or NMLS notice that names a bond amount for your company's exempt registration

One application, then a quick review.

Submit the application with the bond amount your NMLS filing specifies. The application collects no credit information, and larger amounts may get a brief underwriter look before issuance.

Start the application →

FAQ

Common questions.

How much is the North Dakota Exempt Company bond?Premiums cost 0.5% of the bond amount, with a $100 minimum. The amount itself is not set by a single statewide statute — the Department of Financial Institutions directs the figure for your company's NMLS filing. Enter the amount stated in your filing or DFI correspondence and your exact price appears at the application.

What amount should I enter?Use the bond amount your NMLS Exempt Company record or a Department of Financial Institutions notice specifies. If you are unsure, check your NMLS filing requirements or contact the Department before applying — entering the wrong figure can mean re-issuing the bond.

What does this bond guarantee?It backs your company's compliance with the North Dakota requirements tied to your Exempt Company registration and any mortgage loan originators you sponsor. If the company fails to comply and someone is harmed, a claim can be made against the bond, and the company repays the surety for any amount it pays out. It is not insurance for your company.

Where do I file it?Most filers attach the executed bond to their company's NMLS record. If the Department of Financial Institutions asked for it directly rather than through NMLS, submit it exactly as its notice describes.

Is there a credit check?The application collects no credit information, and most applications approve instantly. On larger bond amounts, an underwriter may take a brief look — if a check ever runs, it is a soft pull that will not touch your score.

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Premiums from $100. Enter the amount your NMLS filing specifies and attach the executed bond to your record the same day.

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ND exempt company bonds.From $100. Enter your amount.