North Carolina Mortgage Lender Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $150,000 | 1 Year | $900 |
| $250,000 | 1 Year | $1,500 |
| $500,000 | 1 Year | $3,000 |
Businesses applying for or maintaining a mortgage lender license in North Carolina must maintain a surety bond, with the required amount based on their North Carolina residential mortgage loan origination volume. Required by the State of North Carolina, the North Carolina mortgage lender bond helps secure faithful performance of the licensee's obligations and provides protection for eligible claimants.
Cost of the North Carolina Mortgage Lender Bond
The cost of the $150,000, $250,000 or $500,000 North Carolina mortgage lender bond is $900, $1,500 or $3,000, respectively, per bond term with NNA Surety.
How the North Carolina Mortgage Lender Bond Works
The North Carolina mortgage lender bond protects the state and claimants by holding licensed mortgage lenders financially accountable for covered obligations under state mortgage licensing requirements.
The bond involves three parties:
Principal: Licensed mortgage lender
Obligee: State of North Carolina
Surety: Bonding company
A claim against the bond may be filed when a covered failure to faithfully perform the licensee's obligations creates a valid claim. Consumer claims receive priority in recovering from the bond, and the principal is responsible for reimbursing the surety for valid covered claims paid.
How to Get the North Carolina Mortgage Lender Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $900, $1,500 or $3,000 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your North Carolina mortgage lender license.
Learn more about your North Carolina surety bond options across the state.
Secure Your North Carolina Mortgage Lender Bond
Keep your North Carolina mortgage lender licensing requirements on track by securing the required bond with NNA Surety. Complete this form or call 855-457-2196 to get bonded.