VA exempt company registration bonds.
From $150.
A company that is exempt from Virginia’s mortgage lender and broker licensing but employs Virginia-licensed mortgage loan originators files an exempt company registration with the State Corporation Commission’s Bureau of Financial Institutions — and files a surety bond covering those originators. The amount starts at $25,000 and steps up with last year’s residential mortgage loan volume. We price it at 0.6% of the bond amount, so the smallest bond the law allows is $150.
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Three steps, one filing.
The bond is one attachment to your NMLS company filing. Here is the whole thing:
Apply online
Company details, the bond amount your volume tier requires, and an effective date. The only extra step is a one-time consent to a soft credit pull.
Underwritten & issued
Most of these clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
File with the Bureau
Your executed bond on form CCB-8813 and the power of attorney arrive by email, ready to upload to NMLS or mail to the Bureau of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the exempt company registration bond actually guarantees
Virginia licenses mortgage loan originators individually. When an originator works for a company that is itself exempt from the mortgage lender/broker licence in Chapter 16 of Title 6.2, the bond is not filed by the originator — it is filed by the employer, covering every originator it employs. Registering that exempt company with the Bureau of Financial Institutions is how the arrangement is recorded.
It is a three-party arrangement: the company (the principal), the surety carrier, and the Commonwealth of Virginia, payable to the State Corporation Commission (the obligee). The bond answers for the originators’ conduct under the mortgage-originator statutes; if the surety pays a claim, the company repays the surety — this is not insurance for you.
The amount is not a single figure. 10VAC5-161-50 sets it against the residential mortgage loans originated in the preceding calendar year, and the Bureau sets and adjusts it annually: $25,000 at the bottom, rising to $150,000 over $100,000,000 of volume. A company with no prior-year volume sits at the $25,000 floor. Confirm the figure the Bureau assigns you before you file.
You need this bond if you are
One application, one soft pull.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
Other Virginia bonds.
File your exempt company registration bond.
0.6% of the bond amount, from $150 at the $25,000 statutory minimum. Soft pull only, never a hard inquiry.