SC qualified loan originator bonds.
$150 flat.

South Carolina's qualified loan originator licence is unusual: S.C. Code Ann. § 40-58-50(E)(2)(b) makes the originator meet the mortgage broker bond requirement of § 40-58-40 personally — "principal on the surety is the qualified loan originator." That lands at the statutory $25,000 floor. Ours is $150 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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Required to license as a SC qualified loan originator under S.C. Code 40-58-50(E)(2)(b)

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You are the principal — the bond is in your name, not your sponsoring broker's

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Fixed price, fixed amount — $25,000 bond, $150 flat, no quote process

A-ratedA.M. Best carriersInstantissuance at checkout$150 flatsame price at checkout

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How it works

Three steps. One sitting.

Originator bonds are among the simplest filings in surety. Here is the entire process:

NOW · ONLINE

Apply online

Your details as the principal, 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

This bond is checkout-priced at $150 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.

SAME DAY

File with Consumer Affairs

Your executed bond arrives by email, ready to file with your qualified loan originator licence application through NMLS. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

A qualified loan originator is a South Carolina licence category created by the Mortgage Broker Act for an originator who acts as agent for a single sponsoring mortgage broker. The application goes to the Administrator of the Department of Consumer Affairs, and § 40-58-50(E)(2) sets out what an applicant must do on top of the ordinary originator requirements.

Subsection (E)(2)(b) is the one that matters here: the applicant must meet the surety bond requirement of a mortgage broker pursuant to Section 40-58-40 — and the principal on the surety is the qualified loan originator. That is why this is a special deposit bond in your own name rather than coverage under your broker's bond. At entry volume the § 40-58-40 schedule puts it at $25,000.

It is not insurance for you — the bond runs to the Administrator for the use of the State and for consumers who suffer losses from noncompliance, and if the surety pays a claim you repay the surety. Your sponsoring broker signs your licence application and is jointly and severally liable for claims arising from your origination activity, but the bond principal is still you. We track the term and send renewal notices 60 and 30 days out.

S.C. Code Ann. § 40-58-50(E)(2)(b)Section 40-58-50(E)(2) of the South Carolina Mortgage Broker Act governs applications to be licensed as a qualified loan originator. Subsection (b) requires the applicant to meet the surety bond requirement of a mortgage broker pursuant to Section 40-58-40, and states that the principal on the surety is the qualified loan originator. Section 40-58-40 sets a $25,000 minimum bond, executed to the Administrator of the Department of Consumer Affairs, for the use of the State for expenses, fines, and fees and for consumers with losses or damages. Subsection (c) requires the originator to act as agent for a single sponsoring mortgage broker, who signs the application and is jointly and severally liable for claims arising from the originator's mortgage origination activities.

You need this bond if you're

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Applying as a South Carolina qualified loan originator under § 40-58-50(E)

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Sponsored by a single mortgage broker who signs your application and supervises you

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Renewing a qualified loan originator licence — the bond must stay on file in your name

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Moving to a new sponsoring broker and refiling the licence with a current bond

One application, issued instantly.

These are the actual issuing fields — your details as principal, an effective date, and a term. That is the entire application.

Start the application →

FAQ

Common questions.

How much is the South Carolina qualified loan originator bond?The premium is $150 flat — set by our carrier's rate book for this bond, the same for every originator. The $25,000 bond amount comes from the § 40-58-40 minimum applied by § 40-58-50(E)(2)(b), so there is no quote process, and the price you see is the checkout price.

Do I pay the $25,000?No. You pay $150. The $25,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Isn't my sponsoring broker's bond enough?No. Section 40-58-50(E)(2)(b) is explicit that the principal on the surety is the qualified loan originator, so the bond has to be in your name. Your sponsoring broker still signs your application and is jointly and severally liable for claims from your origination work.

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 price stays $150 flat either way.

Who requires the bond, and where do I file it?The Administrator of the South Carolina Department of Consumer Affairs. The bond is executed to the Administrator and filed with your qualified loan originator licence record through NMLS.

Related bonds

Other South Carolina bonds.

Finish your originator licence today.

$150 flat, issued the moment you pay, soft pull only. Free until issued.

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SC qualified loan originator bonds.$150 flat.