South Carolina qualified loan originator bonds.
$150 flat.
South Carolina's qualified loan originator license 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, as principal on the surety. That lands at the statutory $25,000 floor. Ours is $150 flat.
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How much does a South Carolina qualified loan originator bond cost?
$150 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Originator bonds are among the simplest filings in surety. Here is the entire process:
Apply online
Your details as the principal, an effective date, and a term. That is the application. No credit check.
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.
File with Consumer Affairs
Your executed bond arrives by email, ready to file with your qualified loan originator license application through NMLS. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A qualified loan originator is a South Carolina license 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 license 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.
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 $25,000 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; a longer term is the same price per year, chosen at checkout.
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 with Consumer Affairs. Your executed bond arrives by email, ready to file with your qualified loan originator license application through NMLS. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $150 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
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 →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) | S.C. Code Ann. § 37-22-140(F) | $50,000 or more | From $300 |
| Qualified Loan Originator Special Deposit Bond ($25,000) (this page) | S.C. Code Ann. § 40-58-50(E)(2)(b) | $25,000 | $150 |
Other South Carolina bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your originator license today.
$150 flat, issued the moment you pay, no credit check. Free until issued.