ND residential mortgage lender bonds.
From $100. Enter your amount.
North Dakota licenses residential mortgage lenders under NDCC Chapter 13-12, administered by the Department of Financial Institutions through NMLS. NDCC 13-12-07 requires each licensee to maintain a surety bond in an amount not less than $50,000, on the form the commissioner prescribes. The premium is 0.6% of the bond amount, $100 minimum — $300 at the statutory floor — and your exact price appears at the application. Any credit screen is a soft pull only — it never affects your score.
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Apply to filed in one sitting.
No quote round-trip on the residential mortgage lender bond — enter the amount your license requires, pay, and upload to NMLS. Here is the whole thing:
Apply online
Business details, the bond amount your license requires, an effective date, and a term. That is the entire application — 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 — so the bond issues the moment you pay, with the power of attorney generated on the spot.
Upload to NMLS
Your executed bond arrives by email, ready to attach to your NMLS company record 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 moved residential mortgage lending out of the Money Brokers Act in 2023: Senate Bill 2090 created NDCC Chapter 13-12, and beginning August 1, 2023 a person engaged in residential mortgage lending holds a residential mortgage lender license instead. The Department of Financial Institutions administers and enforces the chapter, and licensing runs through NMLS.
NDCC 13-12-07 requires each licensee to maintain a surety bond in an amount not less than fifty thousand dollars, in a form prescribed by the commissioner — — $50,000 is a floor, not a ceiling. Licensees also maintain a $25,000 minimum net worth under NDCC 13-12-08, and the chapter bars net branch arrangements.
It's a three-party arrangement: you (the principal), the surety carrier, and the commissioner (the obligee). The bond stands behind your compliance with the chapter — the conduct and disclosure rules that protect North Dakota borrowers. It is not insurance for you — if the surety pays a claim, you repay the surety and must file a new bond immediately. Licenses expire December 31 under NDCC 13-12-09; 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, the bond amount your license requires, an effective date, and a term.
Start the application →Common questions.
Other North Dakota bonds.
Mortgage lender bond, issued today.
0.6% of the bond amount, $100 minimum, with your exact price at the application. Issued the moment you pay.