Virginia exempt company registration bonds.
From $150.
A company exempt from Virginia’s mortgage lender and broker licensing that employs licensed mortgage loan originators registers with the Bureau of Financial Institutions and files this bond covering them. The bond starts at $25,000 and rises with last year’s loan volume. The premium is 0.6% of the bond amount, $150 at the $25,000 minimum.
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How much does a Virginia exempt company registration bond cost?
0.6% of the bond amount, from $150 at the $25,000 minimum. Enter your amount in the calculator for the exact price.
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 are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
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 license 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
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 premium covers a one-year term from the effective date you choose.
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 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 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.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
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 issued when you pay.
Start the application →Common questions.
Virginia mortgage license bonds.
We write 7 mortgage license bonds in Virginia. 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 and Lender Bond (NMLS) | Va. Code § 6.2-1604 · 10VAC5-160-15 | $50,000 or more | From $300 |
| Mortgage Broker Bond (NMLS) | Va. Code § 6.2-1604 · 10VAC5-160-15 | $25,000 or more | From $150 |
| Mortgage Lender Bond (NMLS) | Va. Code § 6.2-1604 · 10VAC5-160-15 | $50,000 or more | From $300 |
| Mortgage Loan Originator Bond | Va. Code § 6.2-1703 · 10VAC5-161 | $25,000 or more | From $150 |
| Qualified Education Loan Servicer — Federal Contractor Bond ($50,000) | Va. Code § 6.2-2602 · § 6.2-2604 | $50,000 | $300 |
| Qualified Education Loan Servicer Bond ($50,000) | Va. Code § 6.2-2604 | $50,000 | $300 |
| Virginia Exempt Company Registration Bond (this page) | Va. Code § 6.2-1703 • 10VAC5-161-50 • SCC form CCB-8813 | $25,000 to $150,000 | From $150 |
Other Virginia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
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.