Oregon consumer finance license bonds.
From $100.
An Oregon consumer finance company that employs a mortgage loan originator files a corporate surety bond with the Director of the Department of Consumer and Business Services, sized by OAR 441-730-0026 to its residential mortgage loan volume, from $50,000 to $200,000. The premium is 1% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does an Oregon consumer finance license bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
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 application. No credit check up to $25,000.
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 license 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 license, 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 license 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
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 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.
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
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 sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — company details, the bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Oregon bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Consumer finance bond, filed today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.