District of Columbia Mortgage Broker Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $12,500 | 1 Year | $100 |
| $17,500 | 1 Year | $100 |
| $25,000 | 1 Year | $150 |
| $50,000 | 1 Year | $300 |
| $200,000 | 1 Year | $1,200 |
Mortgage brokers conducting residential mortgage brokerage business in the District of Columbia must meet licensing and bonding requirements. Required by the District of Columbia, the mortgage broker bond helps ensure compliance with District mortgage requirements and provides financial protection for covered violations.
Cost of the District of Columbia Mortgage Broker Bond
The cost of the $12,500 to $200,000 District of Columbia mortgage broker bond is $100 to $1,200 per bond term with NNA Surety.
The $17,500, $25,000 and $50,000 bond options are available based on applicable
mortgage loan volume, while the $200,000 option is available as a blanket bond for
qualifying multiple-license applications. Secure this surety bond today.
How the District of Columbia Mortgage Broker Bond Works
The District of Columbia mortgage broker bond protects consumers by holding licensed mortgage brokers financially accountable for complying with applicable District requirements.
The bond involves three parties:
- Principal: Mortgage broker
- Obligee: District of Columbia
- Surety: Bonding company
A claim against the bond may be filed for covered violations of District mortgage broker requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the District of Columbia Mortgage Broker Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $100 to $1,200 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your District of Columbia mortgage broker license.
Get Your District of Columbia Mortgage Broker Bond
Keep your District licensing requirements on track by securing your mortgage broker bond today. Complete this form or call 855-457-2196 to get bonded.