Oregon mortgage lender bonds.
From $100.
ORS 86A.227 requires a person that employs a mortgage loan originator to file a corporate surety bond with the Director of the Department of Consumer and Business Services. The Division sizes the bond by your Oregon loan volume, from $50,000 to $200,000. The premium is 0.6% of the bond amount, $100 minimum.
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How much does an Oregon mortgage lender bond cost?
0.6% 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 mortgage lender 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 $200,000.
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, ready for the Division of Financial Regulation. Wet-ink original mailed on request.
What it is and who needs it.
What the mortgage lender bond covers
Oregon licenses mortgage bankers and mortgage brokers under ORS chapter 86A, administered by the Division of Financial Regulation. ORS 86A.227 requires a person that employs a mortgage loan originator to file a corporate surety bond with the Director of the Department of Consumer and Business Services — one that runs to the State of Oregon and covers each mortgage loan originator the person employs.
The statute leaves the amount to rule, tying it to the dollar amount of loans you originate. OAR 441-860-0085 sets the ladder: $50,000 for a company new to Oregon lending or under $10 million in the prior year, $75,000 from $10 million, $100,000 from $25 million, $150,000 from $50 million, and $200,000 at $100 million or more, counted from direct and third-party loans reported closed and funded.
A right of action against the bond exists to the same extent as against a mortgage loan originator's own license obligations under ORS 86A.151. It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to be renewed or replaced each calendar year and stay on file at the amount your volume calls for; 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, ready for the Division of Financial Regulation. Wet-ink original mailed on request.
What sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $200,000. 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.
Oregon mortgage license bonds.
We write 3 mortgage license bonds in Oregon. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Exempt Company Registration Bond ($50,000) | ORS 86A.227 | $50,000 | $300 |
| Mortgage Lender Bond (this page) | ORS 86A.227 | Varies | From $100 |
| Mortgage Servicer Bond | OAR 441-890-0035 | Varies | From $100 |
Other Oregon bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Mortgage lender bond, filed today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.