Oklahoma mortgage lender bonds.
$600 flat.
Oklahoma's mortgage broker license (59 O.S. § 2095.11) needs no surety bond; brokers pay into a state recovery fund instead. This bond is for the mortgage lender license under § 2095.11.1.
Oklahoma licenses residential mortgage lenders through the Department of Consumer Credit under the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act, and the Administrator cannot issue a mortgage lender license without a $100,000 surety bond on file. Ours is $600 flat.
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How much does an Oklahoma mortgage lender bond cost?
$600 at the $100,000 amount, the same for every applicant.
Three steps. One sitting.
The bond is the straightforward part of an NMLS mortgage lender filing. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $600 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
Upload to NMLS
Your executed bond arrives by email, ready to attach to your Oklahoma mortgage lender license record in NMLS. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Oklahoma licenses residential mortgage lenders under the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act (59 O.S. § 2095.1 et seq.), administered by the Department of Consumer Credit. Before the Administrator may issue a mortgage lender license, the applicant has to show a net worth of at least $25,000 by audited financial statement and file a $100,000 surety bond.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of Oklahoma (the obligee), with Oklahoma borrowers as the protected parties. The bond stands behind your compliance with the SAFE Act and the rules the Department writes under it — the licensing, disclosure, and conduct standards that govern residential mortgage lending in the state.
It is not insurance for you — if the surety pays a claim, you repay the surety, and the statute requires you to restore the bond to its full $100,000 principal sum after any recovery. Licenses have to stay continuously bonded, so 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 $100,000 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 Oklahoma mortgage lender license record in NMLS. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $600 at the $100,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Oklahoma bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your mortgage lender license today.
$600 flat, issued the moment you pay, no credit check. Free until issued.