North Dakota mortgage loan servicer bonds.
From $100.
A North Dakota residential mortgage loan servicer whose portfolio is not subject to government-sponsored enterprise requirements can meet its capital test under NDCC 13-13-08 with a $1,000,000 surety bond in lieu of the tiered minimum tangible net worth. The premium is 0.6% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a North Dakota mortgage loan servicer 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 servicer bond — enter the amount your license requires, pay, and upload to NMLS. Here is the whole thing:
Apply online
Business details, years in business, the bond amount your license requires, an effective date, and a term. That is the application — the credit consent section authorizes a soft inquiry that never affects your score.
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 created NDCC Chapter 13-13 in 2023 to license residential mortgage loan servicers. A person servicing North Dakota residential mortgage accounts holds a residential mortgage loan servicing license, and the Department of Financial Institutions administers and enforces the chapter through NMLS.
The chapter tests financial condition rather than setting a single penal sum. Under NDCC 13-13-08, a licensee not approved by a government-sponsored enterprise must hold operating reserves of 0.00035 times the unpaid principal balance of its portfolio plus a minimum tangible net worth scaled to its nationwide portfolio — $100,000 at 0–199 loans, rising to $1,000,000 at 1,000 or more — or, in lieu of that net worth, a $1,000,000 surety bond. Subsection 2(b) lets a licensee ask the commissioner to waive or adjust those capital and liquidity requirements.
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 escrow handling, payment crediting, recordkeeping, and conduct rules that protect North Dakota borrowers whose loans you service. It is not insurance for you — if the surety pays a claim, you repay the surety. Licenses are annual, so the bond stays continuously on file; 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.
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 — 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 | NDCC 13-12-07 | Varies | From $100 |
| Residential Mortgage Loan Servicer Bond (this page) | NDCC 13-13-08 | Varies | From $100 |
Other North Dakota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Servicer bond, issued today.
0.6% of the bond amount, $100 minimum, with your exact price at the application. Issued the moment you pay.