OH RMLA registrant bonds.
From $100. Enter your amount.

Ohio's Residential Mortgage Lending Act (ORC Chapter 1322) bars a registrant from conducting business in the state unless it maintains a corporate surety bond in favor of the Superintendent of Financial Institutions. ORC 1322.32 sets the penal sum at one-half of one per cent of last year's aggregate residential mortgage loan originations — a $50,000 floor and a $150,000 cap for registrants, plus $10,000 per additional location. The premium is 0.6% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.

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Required before an RMLA registrant conducts business in Ohio under ORC 1322.32

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Penal sum 0.5% of last year’s originations — $50,000 floor, $150,000 cap, +$10,000 per extra location

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

0.6% rate$100 minimumInstantissuance at checkoutSoft pullnever a hard inquiry

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How it works

Apply to filed in one sitting.

No quote round-trip on the RMLA registrant bond — enter your penal sum, pay, and file with the Division. Here is the whole thing:

NOW · ONLINE

Apply online

Business details, ownership, the penal sum your registration requires, and an effective date. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

The premium is 0.6% of the bond amount, $100 minimum — your exact price appears before you pay, and the bond issues the moment you do.

SAME DAY

File with the Division

Your executed bond arrives by email, ready to upload to NMLS or file with the Ohio Division of Financial Institutions with your RMLA registration.

About this bond

What it is and who needs it.

What the RMLA bond actually guarantees

The Ohio Residential Mortgage Lending Act, ORC Chapter 1322, is the registration regime for the companies that originate, buy, service, or broker residential mortgage loans in Ohio. ORC 1322.32 states plainly that no registrant shall conduct business in this state unless it has obtained and maintains in effect at all times a corporate surety bond.

The bond runs in favor of the Superintendent of Financial Institutions, and the penal sum is computed as one-half of one per cent of the aggregate loan amount of residential mortgage loans originated in the immediately preceding calendar year — floored at $50,000 and capped at $150,000 for registrants, with an additional $10,000 for each location beyond the first. Mortgage servicers post at least $150,000.

It is not insurance for you — if the surety pays a claim, you repay the surety. Because the penal sum is recomputed off last year's origination volume, the required amount can move at renewal; we track the term and send renewal notices 60 and 30 days out.

ORC 1322.32Section 1322.32 of the Revised Code, 'Corporate surety bond; notice of action or judgment,' provides that no registrant shall conduct business in this state unless the registrant has obtained and maintains in effect at all times a corporate surety bond in favor of the superintendent of financial institutions. The penal sum is one-half of one per cent of the aggregate loan amount of residential mortgage loans originated in the immediately preceding calendar year, with a minimum of fifty thousand dollars and a maximum of one hundred fifty thousand dollars for registrants, plus ten thousand dollars for each location beyond the first; a mortgage servicer maintains at least one hundred fifty thousand dollars. Confirm your computed penal sum with the Division of Financial Institutions.

You need this bond if you're

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Applying for an Ohio RMLA registration through NMLS with the Division of Financial Institutions

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Renewing a registration whose penal sum was recomputed off last year’s origination volume

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A mortgage servicer registering under Chapter 1322 at the $150,000 minimum

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Adding Ohio locations and increasing the bond by $10,000 per additional office

One application, issued instantly.

These are the actual issuing fields — business details, ownership, the penal sum, and an effective date.

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FAQ

Common questions.

How much is the Ohio RMLA bond?The premium is 0.6% of the bond amount, $100 minimum. The penal sum itself comes from ORC 1322.32 — one-half of one per cent of last year’s originations, at least $50,000 and no more than $150,000 for registrants — so your exact price appears at the application.

How do I compute my penal sum?Take one-half of one per cent of the aggregate loan amount of residential mortgage loans you originated in the immediately preceding calendar year, then apply the $50,000 floor and $150,000 cap and add $10,000 for each location past the first. Confirm the figure with the Division before filing.

Do mortgage servicers post a different amount?Yes. Under ORC 1322.32 a mortgage servicer maintains a bond of at least $150,000.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score.

Who is the obligee, and where does the bond go?The Superintendent of Financial Institutions. The executed bond arrives by email, ready to upload to NMLS or file with the Ohio Division of Financial Institutions with your registration.

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RMLA registrant bond, issued today.

0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

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