Get started →Browse RFPs

ND money broker bonds.
$500 flat.

North Dakota requires anyone who arranges or advertises loans or leases for others — a money broker — to hold a license from the Department of Financial Institutions and maintain a $50,000 surety bond under NDCC 13-04.1-04.1. Ours is $500 flat, and the price you see is the checkout price. The bond files electronically through NMLS.

✓
Required to hold a North Dakota money broker license under NDCC Chapter 13-04.1
✓
Fixed price, fixed amount — $50,000 bond, $500, no quote process
✓
Filed through NMLS alongside your license or renewal application
A-ratedA.M. Best carriersInstantunderwriting processNMLSelectronic filing
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Three steps. One sitting.

A money broker's license bond is one of the simplest filings in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That's the application — no financials to submit up front.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File through NMLS

Your executed bond and power of attorney arrive by email, ready to upload to your NMLS filing for the Department of Financial Institutions. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

North Dakota does not let a person or business arrange, or advertise arranging, loans or leases for others in the state without a money broker license from the Department of Financial Institutions. Licensure is conditioned on a $50,000 surety bond that stands behind the licensee's compliance with NDCC Chapter 13-04.1.

It's a three-party arrangement: you (the principal), the surety carrier, and the State of North Dakota (the obligee), with borrowers who transact with you as the protected parties. If the commissioner brings an action on the bond and recovers against it, the statute requires you to file a new bond immediately.

It is not insurance for you — if the surety pays a claim, you repay the surety. Money broker licenses expire every December 31 and renew effective the following January 1, so the bond has to stay continuously in force across that cycle. We track your term and notify you ahead of expiration so the filing never lapses.

NDCC 13-04.1-04.1North Dakota Century Code 13-04.1-04.1 requires every money broker licensee to maintain a surety bond of not less than $50,000, in a form the commissioner prescribes. If an action is commenced on a licensee's bond, the commissioner may require a new bond, and the licensee must file one immediately upon any recovery against the existing bond.

You need this bond if you're

✓
Applying for a North Dakota money broker license — new applicants filing through NMLS
✓
Renewing your money broker license for the license year beginning January 1
✓
Reinstating a lapsed license that needs a fresh bond filing
✓
Filing a replacement bond after a recovery on your existing bond, as the department may require

One application, issued instantly.

These are the actual issuing fields for the North Dakota money broker bond, including the standard soft-pull credit authorization.

Start the application →
FAQ

Common questions.

How much is the North Dakota money broker bond?The premium is $500 flat — set by our carrier's rate book for this bond, the same for every licensee. The $50,000 bond amount is set by NDCC 13-04.1-04.1, so there is no quote process.
Do I pay the $50,000?No. You pay $500. The $50,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.
How fast will I have the bond?License bonds like this are among the thousands of bond types that issue right after purchase — many applicants finish the application and have the bond in the same sitting. At most, 1–2 business days.
Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.
Who is exempt from the money broker license?NDCC 13-04.1-02.1 exempts banks, credit unions, savings and loan associations, insurance companies, licensed residential mortgage lenders, and several other regulated categories. If you fall outside those exemptions and arrange or advertise loans or leases for North Dakota borrowers, the license and bond apply to you.
Related bonds

Other North Dakota bonds.

ND Money Transmitter ($150,000)
The $150,000 penal-sum security a money transmission licensee files with the Dept. of Financial Institutions. $1,500 flat.
View bond →
ND Residential Mortgage Lender
The NDCC 13-12-07 bond with a $50,000 statutory floor. 0.6% of the bond amount, $100 minimum.
View bond →
ND Collection Agency ($50,000)
The $50,000 bond every collection agency licensee maintains under NDCC 13-05-04.1. 0.5% of the bond amount.
View bond →
ND Third Party Administrator
The bond a third party administrator files with the Insurance Department. Rates from $100.
View bond →

Finish your NMLS money broker filing today.

$500 flat, soft pull only, bond often issued in the same sitting. Free until issued.

Start application
Your price$500
Apply now →