North Carolina Mortgage Broker Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $75,000 | 1 Year | $450 |
Businesses applying for or maintaining a mortgage broker license in North Carolina must meet the state's surety bond requirement, with the required amount adjusted based on North Carolina mortgage loan origination volume. Required by the State of North Carolina, the North Carolina mortgage broker bond helps ensure faithful performance of the licensee's obligations under state mortgage licensing law and provides protection for eligible claimants.
Cost of the North Carolina Mortgage Broker Bond
The cost of the $75,000 North Carolina mortgage broker bond is $450 per bond term with NNA Surety.
How the North Carolina Mortgage Broker Bond Works
The North Carolina mortgage broker bond protects the state and claimants by holding licensed mortgage brokers financially accountable for covered obligations under state mortgage licensing requirements.
The bond involves three parties:
Principal: Licensed mortgage broker
Obligee: State of North Carolina
Surety: Bonding company
A claim against the bond may be filed when a covered failure to perform the licensee's obligations causes a valid claim. Consumer claims receive priority, and the principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the North Carolina Mortgage Broker Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $450 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your North Carolina mortgage broker license.
Learn more about your North Carolina surety bond options across the state.
Secure Your North Carolina Mortgage Broker Bond
Keep your North Carolina mortgage broker licensing requirements on track by securing the required bond with NNA Surety. Complete this form or call 855-457-2196 to get bonded.