OH third-party processing exemption bonds.
$300 flat.

A company that processes or underwrites residential mortgage loans on behalf of licensed originators — without itself taking applications or negotiating terms — can seek a letter of exemption from individual licensing under Ohio's Residential Mortgage Lending Act (ORC Chapter 1322) instead of registering each employee. ORC 1322.32 still requires a corporate surety bond in favor of the Superintendent of Financial Institutions, floored at $50,000. Ours is $300 flat, filed via NMLS, and the price you see is the checkout price.

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For a third-party loan processing or underwriting company seeking an RMLA letter of exemption under ORC 1322.01(AA)(2)(h)

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Fixed price, fixed amount — the $50,000 statutory floor under ORC 1322.32, $300, no quote process

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Filed through NMLS with the Division of Financial Institutions

A-ratedA.M. Best carriersInstantunderwriting processSoft pull onlynever a hard inquiry

Trusted by industry leaders

How it works

Three steps. One sitting.

An NMLS exemption filing is one application, not a negotiation. Here's the entire process:

NOW · ONLINE

Apply online

Company details, ownership, and an effective date. The application includes a one-time credit consent, but it authorizes a soft pull only.

MINUTES, USUALLY

Pay & e-sign

Bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File with the Division

Your executed bond and power of attorney arrive by email, ready to file with the Division of Financial Institutions through NMLS. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Ohio's Residential Mortgage Lending Act (ORC Chapter 1322) generally requires individuals who process or underwrite residential mortgage loans to be licensed loan processors or underwriters, supervised by a licensed mortgage loan originator. ORC 1322.01(AA)(2)(h) lets employees of a third-party loan processing company skip that individual licensing when they perform only clerical or support duties under proper supervision — if their employer holds a letter of exemption from the Superintendent.

That letter of exemption does not remove the bonding requirement. ORC 1322.32 conditions RMLA activity in Ohio on a corporate surety bond in favor of the Superintendent of Financial Institutions, with a statutory floor of $50,000. A third-party processing or underwriting company operating under the exemption files at that $50,000 floor rather than a volume-scaled amount, because it is not itself originating loans.

It's a three-party arrangement: you (the principal), the surety carrier, and the Superintendent of Financial Institutions (the obligee), protecting Ohio borrowers harmed by a violation of the Act. It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay active for the life of your exemption filing, so we track it and notify you ahead of renewal.

ORC 1322.32 (bond) and ORC 1322.01(AA)(2)(h) (third-party processing exemption)ORC 1322.32 requires an RMLA registrant, licensee, or exemption-letter holder to maintain a corporate surety bond in favor of the Superintendent of Financial Institutions, with a $50,000 statutory floor. ORC 1322.01(AA)(2)(h) allows a third-party loan processing company's employees to operate without individual licensing, performing only clerical or support duties under a licensed originator's supervision, once the company holds a letter of exemption adopted by rule of the Superintendent. Confirm your exemption filing and required bond amount with the Ohio Division of Financial Institutions before filing.

You need this bond if you're

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A third-party loan processing or underwriting company seeking an RMLA letter of exemption in Ohio

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Renewing an existing letter-of-exemption filing with an expiring or non-renewing bond

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Expanding processing or underwriting operations into Ohio for licensed mortgage loan originators

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Replacing a bond after a carrier non-renewal or cancellation notice

One application, issued instantly.

These are the actual issuing fields — the application includes a credit consent, but it authorizes a soft pull only, never a hard inquiry.

Start the application →

FAQ

Common questions.

How much is the Ohio third-party processing exemption bond?The premium is $300 flat — set by our carrier's rate book for this bond. The $50,000 bond amount is the ORC 1322.32 statutory floor for this exemption filing, so there is no quote process.

Do I pay the $50,000?No. You pay $300. The $50,000 is the surety's maximum liability to the Superintendent if a valid claim is made — not a deposit, and nobody holds your money.

How fast will I have the bond?Bonds like this are among the thousands of bond types that issue right after purchase — many companies finish the application and have the bond in the same sitting. At most, 1–2 business days.

Is there a credit check?The application includes a credit consent, but it authorizes a soft pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

Is this the same as the RMLA registrant bond?No. The standard RMLA registrant and originator bonds scale with loan volume — 0.5% of last year's originations, with their own floors and caps. This bond is specifically the $50,000 floor amount for a third-party processing or underwriting company operating under a letter of exemption, which does not originate loans itself.

Related bonds

Other Ohio bonds.

File your NMLS exemption bond today.

$300 flat, soft pull only, bond often issued in the same sitting. Free until issued.

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Your price$300

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OH third-party processing exemption bonds.$300 flat.