OR student loan servicer bonds.
$180 flat.
Oregon has licensed student loan servicers since Senate Bill 485 took effect on July 1, 2022, and every applicant files a $30,000 electronic surety bond — or an irrevocable letter of credit — with the Director of the Department of Consumer and Business Services through NMLS. Ours is $180 flat, the price you see is the checkout price, 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.
Licensing bonds are among the simplest filings in surety. Here is the entire process:
Apply online
Company details, 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
This bond is checkout-priced at $180 flat, so it issues the moment you pay — your 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 bond actually guarantees
Oregon's student loan servicing law was created by Senate Bill 485 (2021) and took effect July 1, 2022. It sits at ORS 725A.500 to 725A.530, which bars servicing a student loan for an Oregon borrower without a licence from the Director of the Department of Consumer and Business Services, and it is administered by the Division of Financial Regulation.
OAR 441-895-0040 carries the security requirement: every applicant files a corporate surety bond or an irrevocable letter of credit with the director, in the amount of $30,000, submitted through NMLS as an electronic surety bond. It is renewed or replaced each calendar year, delivered by filing in NMLS by December 1 and effective as of December 31.
The obligation outlasts the licence: the bond or letter of credit must remain in effect for at least five years after the person stops being a licensed student loan servicer. 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, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Oregon bonds.
Finish your servicer licence today.
$180 flat, issued the moment you pay, soft pull only. Free until issued.