District of Columbia Mortgage Broker Bond
Mortgage brokers in D.C. must post a surety bond based on total dollar volume of loans found in the following table:
| Loan Volume | Bond Amount Required | Annual Premium |
| 0 - $1,000,000 | $12,500 | $100 |
| $1,000,001 - $2,000,000 | $17,500 | $105 |
| $2,000,001 - $3,000,000 | $25,00 | $150 |
| Over $3,000,000 | $50,000 | $300 |
Overview
Mortgage brokers in the District of Columbia are required to post a $12,500 to $200,000 surety bond as a condition of licensure. The NNA has secured a premium of $6 per $1,000 in liability ($100 minimum premium) for all District of Columbia mortgage brokers and lenders to obtain this bond without a credit check. This bond meets the licensing requirements for District of Columbia mortgage brokers/lenders and lasts for one year.