SC mortgage lender bonds.
0.6% of the bond amount, $100 minimum.

A South Carolina mortgage lender or servicer licence 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 your prior-year loan volume: $50,000, $100,000, or $150,000, never less than $50,000. 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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Required for SC mortgage lender and servicer licences under S.C. Code 37-22-140(F)

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Amount tiered by prior-year loan volume — $50,000, $100,000, or $150,000

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0.6% of the bond amount, $100 minimum — your exact price appears at the application

0.6% rate$100 minimumInstantissuance at checkoutSoft pullnever a hard inquiry

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How it works

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:

NOW · ONLINE

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.

INSTANTLY

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.

SAME DAY

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.

About this bond

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 licence 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 licence; we track the term and send renewal notices 60 and 30 days out.

S.C. Code Ann. § 37-22-140(F)Section 37-22-140(F) of the South Carolina Mortgage Lending Act requires a mortgage lender licensee to file a corporate surety bond executed to the Commissioner, the designee of the State Board of Financial Institutions, for the use of the State for the recovery of expenses, fines, and fees levied under the chapter and for consumers who have losses or damages as a result of noncompliance. The amount is tiered by loan volume — $50,000 up to $49,999,999, $100,000 from $50,000,000 to $249,999,999, and $150,000 above $250,000,000 — with a $50,000 minimum in all cases. Section 37-22-110 defines mortgage lender to include servicing mortgage loans for others and collecting mortgage payments from borrowers for distribution to another person.

You need this bond if you're

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Applying for a South Carolina mortgage lender licence through NMLS

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Licensed as a mortgage servicer — servicing falls inside the § 37-22-110 lender definition

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Renewing an existing lender licence — the bond must stay continuously on file

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Crossing a volume threshold — $50M or $250M in loan volume moves you up a tier

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 →

FAQ

Common questions.

How much is the South Carolina mortgage lender bond?The premium is 0.6% of the bond amount, with a $100 minimum. The bond amount comes from your volume tier under S.C. Code 37-22-140(F) — $50,000, $100,000, or $150,000 — so your exact price appears at the application, before you pay.

Does a servicer need this bond too?Yes. Section 37-22-110 defines a mortgage lender to include a company servicing mortgage loans for others, or collecting mortgage payments directly from borrowers for distribution to another person — so servicers are licensed and bonded on the same schedule.

Which volume tier am I in?Loan volume sets it: $50,000 in bond up to $49,999,999, $100,000 from $50,000,000 to $249,999,999, and $150,000 above $250,000,000. The statutory floor is $50,000, so no lender bonds below that.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 0.6% of the bond amount either way.

Who requires the bond, and where do I file it?The Commissioner — the designee of the South Carolina State Board of Financial Institutions. The bond is executed to the Commissioner and filed with your lender or servicer licence record through NMLS.

Related bonds

Other South Carolina bonds.

File your lender bond today.

0.6% of the bond amount, $100 minimum, issued the moment you pay, soft pull only. Free until issued.

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Your premiumfrom $100

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