Texas mortgage loan servicer bonds.
From $150.

Texas registers residential mortgage loan servicers through the Department of Savings and Mortgage Lending, and Finance Code §158.055 requires a surety bond filed with the Commissioner before the registration is approved. The premium is 0.6% of the bond amount.

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Required before your Texas servicer registration is approved under Finance Code §158.055

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Amount set by your Texas servicing volume — $25,000 at or below $25M, $50,000 above it (7 TAC §58.107)

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0.6% of the bond amount — exact price at the application, issued the moment you pay

0.6% rate$150 at the $25,000 minimumInstantissuance at checkoutNo credit check up to $250,000above that, a soft pull at most, never a hard inquiry

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How it works

Three steps. One sitting.

Servicer bonds are filed electronically through NMLS, so there is no paper round-trip. Here is the entire process:

NOW · ONLINE

Apply online

Business details, your NMLS identifier, the bond amount your volume requires, and an effective date. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.

INSTANTLY

Pay & e-sign

Your price is 0.6% of the bond amount, so the bond issues the moment you pay — the executed bond and power of attorney generate on the spot.

SAME DAY

File through NMLS

The bond is submitted electronically through NMLS on the current NMLS-prescribed form, payable to the Savings and Mortgage Lending Commissioner. Grant your surety authority in your NMLS account and the filing posts to your record.

About this bond

What it is and who needs it.

What the servicer bond actually guarantees

Texas registers residential mortgage loan servicers under Finance Code Chapter 158. Section 158.055 requires an applicant to file a surety bond with the Savings and Mortgage Lending Commissioner before the registration is approved, and to keep it in force for as long as the registration is effective. The statute caps the bond at $200,000 and leaves the operative amount to finance commission rule.

That rule is 7 TAC §58.107. It ties the amount to your Texas book — the total unpaid principal balance of Texas-secured residential mortgage loans you serviced as of October 31 of the year before your registration year. At or below $25 million the minimum is $25,000; above $25 million it is $50,000. New applicants start at $25,000, and a servicer handling only unimproved or foreclosed property stays at $25,000 regardless of volume. The bond is submitted electronically through NMLS on the current NMLS form.

It is a three-party arrangement — you (the principal), the surety carrier, and the Commissioner (the obligee). It is not insurance for you: if the surety pays a claim, you repay the surety. Amounts are recalculated in the annual renewal window that runs November 1 through December 31, so we track your term and send renewal notices 60 and 30 days out.

Tex. Fin. Code §158.055 · 7 TAC §58.107Finance Code §158.055 requires an applicant for registration as a residential mortgage loan servicer to file a surety bond with the Commissioner before the registration is approved, in an amount not to exceed $200,000, and to keep it in force while the registration is effective. 7 TAC §58.107 sets the operative minimums: $25,000 where Texas servicing volume is $25 million or less and $50,000 where it exceeds $25 million, measured by unpaid principal balance as of October 31 of the preceding year, with new applicants at $25,000. The bond must be submitted electronically through NMLS on the NMLS-prescribed form and made payable to the Commissioner. Section 158.055 also excuses a registrant that only collects delinquent consumer debts on residential mortgage loans it does not own and has already filed a Chapter 392 third-party debt collector bond.

You need this bond if you're

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Registering as a Texas residential mortgage loan servicer with the Department of Savings and Mortgage Lending

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Renewing your registration in the November 1 – December 31 window, at the recalculated amount

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Servicing Texas-secured residential mortgage loans for your own portfolio or for investors

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Increasing your bond after crossing $25 million in Texas unpaid principal balance

After you buy

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 term is set on the carrier’s application; the premium covers the period shown there.

Renewal falls on the statutory date, December 31, in the year your term ends.

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. The bond is submitted electronically through NMLS on the current NMLS-prescribed form, payable to the Savings and Mortgage Lending Commissioner. Grant your surety authority in your NMLS account and the filing posts to your record.

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 — business details, your NMLS identifier, the bond amount, an effective date, and a term.

Start the application →

FAQ

Common questions.

How much is the Texas residential mortgage loan servicer bond?The premium is 0.6% of the bond amount. On a $25,000 bond that is $150; on a $50,000 bond it is $300. Your exact price appears at the application, before you pay.

What bond amount do I need?7 TAC §58.107 ties it to your Texas servicing volume — $25,000 if the unpaid principal balance of the Texas residential mortgage loans you serviced as of October 31 was $25 million or less, $50,000 if it was more. New applicants file at $25,000, and Finance Code §158.055 caps the bond at $200,000.

How do I file it?Electronically through NMLS, on the current NMLS-prescribed form and payable to the Savings and Mortgage Lending Commissioner. You grant your surety authority in your NMLS account and the executed bond posts to your record.

Is there a credit check?No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score. The rate stays 0.6% of the bond amount, either way.

Do I still need it if I am a third-party debt collector?Not always. Finance Code §158.055 excuses a registrant that collects delinquent consumer debts on residential mortgage loans it does not own and that has already filed a bond in compliance with Chapter 392.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Texas bonds.

Price and requirements checked on the carrier’s application, 13 October 2026. Page updated 15 October 2026.

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0.6% of the bond amount, issued the moment you pay. Free until issued.

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