North Dakota exempt company bonds.
From $100.
Some companies exempt from full licensure under North Dakota's money broker and residential mortgage laws still register with the Department of Financial Institutions as an Exempt Company on NMLS. This bond accompanies that registration when your filing calls for one. Premiums cost 0.5% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a North Dakota exempt company bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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:
Apply online
Your company details, the bond amount your Exempt Company filing specifies, and the effective date — that is the application.
Issued
No credit check up to $250,000, and most applications approve instantly.
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.
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. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score. Larger amounts may draw a brief underwriter look before issuance.
You need this bond if you are
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
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.
What sets the price
The premium is 0.5% 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, no credit check up to $250,000.
Submit the application with the bond amount your NMLS filing specifies. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score. Larger amounts may get a brief underwriter look before issuance.
Start the application →Common questions.
Other North Dakota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Exempt Company bond, issued today.
Premiums from $100. Enter the amount your NMLS filing specifies and attach the executed bond to your record the same day.