North Dakota 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.
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How much does a North Dakota money broker bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
A money broker's license bond is one of the simplest filings in surety. Here's the entire process:
Apply online
Business details and an effective date. That's the application — no financials to submit up front.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
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.
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.
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 $50,000 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 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.
What sets the price
The premium is fixed at $500 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it 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 for the North Dakota money broker bond, including the standard soft-pull credit authorization.
Start the application →Common questions.
Other North Dakota bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your NMLS money broker filing today.
$500 flat, soft pull only, bond often issued in the same sitting. Free until issued.