South Carolina mortgage lender bonds.
From $300.
Looking for the South Carolina mortgage broker bond?
A South Carolina mortgage lender or servicer license carries a surety bond under S.C. Code Ann. § 37-22-140(F), executed to the Commissioner, the designee of the State Board of Financial Institutions. The amount steps with prior-year loan volume: $50,000, $100,000, or $150,000. The premium is 0.6% of the bond amount.
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How much does a South Carolina mortgage lender bond cost?
0.6% of the bond amount, from $300 at the $50,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue on the standard lender 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 application. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Pay & e-sign
Your price is 0.6% of the bond amount, 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 Board of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
South Carolina licenses mortgage lenders under the Mortgage Lending Act, Title 37, Chapter 22, administered by the Commissioner — the designee of the State Board of Financial Institutions. Section 37-22-140(F) conditions the license on a corporate surety bond executed to the Commissioner.
The definition of a mortgage lender in § 37-22-110 reaches servicing as well as originating — a company servicing mortgage loans for others, or collecting loan payments from borrowers for distribution to another person, is licensed and bonded here too. The amount is a volume tier: $50,000 below $50,000,000 in loans, $100,000 from $50,000,000 to $249,999,999, and $150,000 above $250,000,000, with $50,000 as the floor.
It is not insurance for you — the bond runs for the use of the State to recover expenses, fines, and fees levied under the chapter, and for consumers who suffer losses or damages as a result of noncompliance. If the surety pays a claim, you repay the surety. The bond stays continuously on file for the life of the license; 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, ready to upload to your NMLS record and file with the Board of Financial Institutions. 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 $250,000. 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 your tier requires, an effective date, and a term.
Start the application →Common questions.
South Carolina mortgage license bonds.
We write 3 mortgage license bonds in South Carolina. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Broker Bond (NMLS) | S.C. Code Ann. § 40-58-40 | $25,000 or more | From $150 |
| Mortgage Lender / Servicer Bond (NMLS) (this page) | S.C. Code Ann. § 37-22-140(F) | $50,000 or more | From $300 |
| Qualified Loan Originator Special Deposit Bond ($25,000) | S.C. Code Ann. § 40-58-50(E)(2)(b) | $25,000 | $150 |
Other South Carolina bonds.
Price and requirements checked on the carrier’s application, . Page updated .
File your lender bond today.
0.6% of the bond amount, issued the moment you pay, no credit check up to $250,000. Free until issued.