ND mortgage loan servicer bonds.
From $100. Enter your amount.

North Dakota licenses residential mortgage loan servicers under NDCC Chapter 13-13, administered by the Department of Financial Institutions through NMLS. NDCC 13-13-08 lets a servicer whose portfolio is not subject to government-sponsored enterprise requirements satisfy its capital test 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, 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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Satisfies the ND servicer capital test in lieu of tangible net worth under NDCC 13-13-08

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Amount set by the statute and your commissioner — $1,000,000 in lieu of the net worth tiers

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0.6% of the bond amount, $100 minimum — exact price at the application

0.6% rate$100 minimumExactprice at the applicationInstantissuance at checkout

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How it works

Apply to filed in 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:

NOW · ONLINE

Apply online

Business details, years in business, the bond amount your license requires, an effective date, and a term. That is the entire application — the credit consent section authorizes a soft inquiry that never affects your score.

INSTANTLY

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.

SAME DAY

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.

About this bond

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.

NDCC 13-13-08Section 13-13-08 of the North Dakota Century Code sets the financial condition standards for a residential mortgage loan servicer applicant or licensee not subject to section 13-13-07. Subsection 2 provides that an applicant or licensee with a portfolio of loans not subject to any government-sponsored enterprise requirements must maintain liquidity to include operating reserves of 0.00035 times the unpaid principal balance of the portfolio and maintain a minimum tangible net worth set out in a nationwide-portfolio table running from $100,000 at 0-199 loans to $1,000,000 at 1,000 or more loans — or, in lieu of the tangible net worth, maintain a one million dollar surety bond. Under subsection 2(b) a licensee servicing North Dakota residential mortgage accounts may apply to the commissioner to waive or adjust one or more of these capital or liquidity requirements. Confirm your required amount with the Department of Financial Institutions before you buy.

You need this bond if you're

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Applying for an ND mortgage loan servicing license — new applicants filing through NMLS

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Servicing residential mortgage loans secured by North Dakota residential real estate

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Electing the bond instead of tangible net worth under NDCC 13-13-08(2)

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Renewing an annual license where the bond must stay continuously on file

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 →

FAQ

Common questions.

How much is the North Dakota residential mortgage loan servicer bond?The premium is 0.6% of the bond amount, with a $100 minimum. At the $1,000,000 in-lieu-of-net-worth bond in NDCC 13-13-08 that works out to $6,000. Your exact price appears at the application, before you pay.

What bond amount do I enter?The amount on your NMLS licensing checklist. NDCC 13-13-08(2) sets a $1,000,000 surety bond in lieu of the tiered minimum tangible net worth, and subsection 2(b) lets the commissioner waive or adjust the requirement — use the figure the Department of Financial Institutions gave you.

Can I post net worth instead of a bond?Yes. NDCC 13-13-08(2) gives a servicer the choice: hold the minimum tangible net worth scaled to your nationwide portfolio — $100,000 at 0-199 loans up to $1,000,000 at 1,000 or more — or post the $1,000,000 surety bond in lieu of it. Servicers approved by a government-sponsored enterprise meet those entity standards instead.

Do I pay the bond amount?No. You pay the premium — 0.6% of the bond amount, $100 minimum. The bond amount is the surety's maximum liability if a valid claim is made, not a deposit, and nobody holds your money.

Is there a credit check?The application carries a credit consent section, and the inquiry it authorizes is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 0.6% of the bond amount either way.

Related bonds

Other North Dakota bonds.

Servicer bond, issued today.

0.6% of the bond amount, $100 minimum, with your exact price at the application. Issued the moment you pay.

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