OR consumer finance bonds.
From $100. Enter your amount.
A consumer finance company licensed under ORS 725.010 to 725.270 that employs a mortgage loan originator has to file a corporate surety bond with the Director of the Department of Consumer and Business Services — sized by OAR 441-730-0026 to your residential mortgage loan volume, from $50,000 to $200,000. The premium is 1% of the bond amount, $100 minimum, shown before you pay, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
No underwriting queue for a standard consumer finance bond — enter your tier amount, pay, and upload through NMLS. Here is the whole thing:
Apply online
Company details, the bond amount your volume tier calls for, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
Your exact premium is on the page before you pay, so the bond issues the moment you pay — the executed bond and power of attorney generate on the spot.
File through NMLS
Your executed bond arrives by email and the carrier posts it as your electronic surety bond in NMLS, where the rule wants it by December 1. Wet-ink original mailed on request.
What it is and who needs it.
What the consumer finance bond covers
Oregon licenses consumer finance companies under ORS chapter 725 — the statute that bars making consumer finance loans without a licence from the Director of the Department of Consumer and Business Services. When a licensee employs one or more mortgage loan originators, OAR 441-730-0026 layers a corporate surety bond on top of the licence, in a form and on terms approved by the director.
The amount tracks the previous calendar year's residential mortgage loan volume: $50,000 for a company that has not previously originated residential mortgage loans or stayed under $10 million, $75,000 from $10 million, $100,000 from $25 million, $150,000 from $50 million, and $200,000 above $100 million.
The bond is renewed or replaced each calendar year, concurrently with the licence renewal of the loan originators the company employs, and submitted through NMLS by December 1. It is not insurance for you — if the surety pays a claim, you repay the surety. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — company details, the bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Oregon bonds.
Consumer finance bond, filed today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.