California Residential Mortgage Lending Act (RMLA) Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $50,000 | 1 Year | $300 |
| $100,000 | 1 Year | $600 |
| $200,000 | 1 Year | $1,200 |
Residential mortgage lenders licensed under the California Residential Mortgage Lending Act must maintain surety bond coverage based on their residential mortgage loan activity. Required by the State of California, the California RMLA bond helps ensure compliance with state mortgage lending requirements and provides financial protection for covered violations.
Cost of the California RMLA Bond
The cost of the $50,000 to $200,000 California RMLA bond is $300 to $1,200 per bond term with NNA Surety. Secure this surety bond today.
How the California RMLA Bond Works
The California RMLA bond protects consumers by holding licensed residential mortgage lenders financially accountable for complying with applicable state mortgage lending requirements.
The bond involves three parties:
- Principal: Residential mortgage lender
- Obligee: State of California
- Surety: Bonding company
A claim against the bond may be filed for covered violations of the California Residential Mortgage Lending Act. The principal is responsible for repaying valid claims paid by the surety.
How to Get the California RMLA Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $300, $600 or $1,200 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your California residential mortgage lender license.
Learn more about your California surety bond options across the state.
Get Your California RMLA Bond
Stay compliant with California residential mortgage lending requirements by securing your RMLA bond today. Complete this form or call 855-457-2196 to get bonded.