Mississippi Mortgage Lender Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $250,000 | 1 Year | $1,500 |
This bond is required by any person (individual, sole proprietorship, corporation, limited liability company, partnership, trust, or any other group of individuals, however organized) who directly or indirectly or by electronic activity originates, makes, funds or purchases or offers to originate, make, or fund or purchase a residential mortgage loan or who services mortgage loans.
| Bond Amount | Annual Premium |
| $250,000 | $1,500 |
No credit check or financials needed up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.
Mortgage lenders conducting residential mortgage lending business in Mississippi must meet state licensing and bonding requirements. Required by the State of Mississippi, the Mississippi mortgage lender bond helps ensure compliance with state mortgage lending requirements and provides financial protection for covered violations.
Cost of the Mississippi Mortgage Lender Bond
The cost of the $250,000 Mississippi mortgage lender bond is $1,500 per bond term with NNA Surety. Secure this surety bond today.
How the Mississippi Mortgage Lender Bond Works
The Mississippi mortgage lender bond protects consumers by holding licensed mortgage lenders financially accountable for complying with applicable state mortgage lending requirements.
The bond involves three parties:
- Principal: Mortgage lender
- Obligee: State of Mississippi
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Mississippi mortgage lending requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Mississippi Mortgage Lender Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $1,500 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Mississippi mortgage lender license.
Learn more about your Mississippi surety bond options across the state.
Get Your Mississippi Mortgage Lender Bond
Stay compliant with Mississippi licensing requirements by securing your mortgage lender bond today. Complete this form or call 855-457-2196 to get bonded.