SC mortgage broker bonds.
0.6% of the bond amount, $100 minimum.
Every South Carolina mortgage broker licence carries a surety bond under S.C. Code Ann. § 40-58-40, executed to the Administrator of the Department of Consumer Affairs. The amount steps with the mortgage loan volume you closed in the prior year — $25,000, $40,000, or $55,000, never less than $25,000. The premium is 0.6% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
No underwriting queue on the standard broker bond — pick your tier, pay, and file through NMLS. Here is the whole thing:
Apply online
Company details, the bond amount your volume tier requires, 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 price is 0.6% of the bond amount with a $100 minimum, shown before you pay — and the bond 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, ready to upload to your NMLS record and file with the Department of Consumer Affairs. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
South Carolina licenses mortgage brokers under the Mortgage Broker Act, Title 40, Chapter 58 — and § 40-58-20 names the Administrator of the Department of Consumer Affairs as the regulator. Section 40-58-40 conditions the licence on a surety bond from a company authorized to do business in this State, executed to the Administrator.
The amount is a volume tier: $25,000 where prior-year mortgage loan volume is under $50,000,000; $40,000 from $50,000,000 to $99,999,999; and $55,000 above $100,000,000 — with $25,000 as the floor in every case. Brokers file and maintain the bond through NMLS along with the rest of the licence record.
It is not insurance for you — the bond runs to the State for the recovery of expenses, fines, and fees levied under the chapter, and to consumers who suffer losses or damages from your noncompliance. If the surety pays a claim, you repay the surety. The bond must stay continuously on file for the life of the licence, so 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 your tier requires, an effective date, and a term.
Start the application →Common questions.
Other South Carolina bonds.
File your broker bond today.
0.6% of the bond amount, $100 minimum, issued the moment you pay, soft pull only. Free until issued.