District of Columbia Mortgage Dual Authority License Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $12,500 | 1 Year | $100 |
| $17,500 | 1 Year | $105 |
| $25,000 | 1 Year | $150 |
| $50,000 | 1 Year | $300 |
| $200,000 | 1 Year | $1,200 |
Mortgage lenders and brokers operating under District of Columbia licensing requirements must maintain applicable surety bond coverage. Required by the District of Columbia, the mortgage dual authority license bond helps ensure compliance with District mortgage lending requirements and provides financial protection for covered violations.
Cost of the District of Columbia Mortgage Dual Authority License Bond
The cost of the $12,500 to $200,000 District of Columbia mortgage dual authority license bond is $100 to $1,200 per bond term with NNA Surety. Secure this surety bond today.
How the District of Columbia Mortgage Dual Authority License Bond Works
The District of Columbia mortgage dual authority license bond protects consumers by holding licensed mortgage lenders and brokers financially accountable for complying with applicable District requirements.
The bond involves three parties:
- Principal: Mortgage lender or broker
- Obligee: District of Columbia
- Surety: Bonding company
A claim against the bond may be filed for covered violations of District mortgage lending requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the District of Columbia Mortgage Dual Authority License 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 license.
Get Your District of Columbia Mortgage Dual Authority License Bond
Stay compliant with District licensing requirements by securing your mortgage dual authority license bond today. Complete this form or call 855-457-2196 to get bonded.