North Dakota residential mortgage lender bonds.
From $100.
North Dakota has no separate mortgage broker license. Arranging residential mortgage loans counts as residential mortgage lending under N.D.C.C. § 13-12-01, so a broker files this same bond.
North Dakota licenses residential mortgage lenders through the Department of Financial Institutions and NMLS, and NDCC 13-12-07 requires each licensee to maintain a surety bond of 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.
Trusted by industry leaders
How much does a North Dakota residential mortgage lender bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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 application. No credit check up to $50,000.
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
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; a longer term is the same price per year, chosen at checkout.
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
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 sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $50,000. 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, 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.
North Dakota mortgage license bonds.
We write 2 mortgage license bonds in North Dakota. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Residential Mortgage Lender Bond (this page) | NDCC 13-12-07 | Varies | From $100 |
| Residential Mortgage Loan Servicer Bond | NDCC 13-13-08 | Varies | From $100 |
Other North Dakota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
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.