Oklahoma Mortgage Lender License Bond
All entities offering mortgage lending services in Oklahoma, including those that originate, service, or take applications for residential mortgage loans, must obtain a $100,000 surety bond as part of the licensing process.
| Bond Amount | Annual Premium |
| $100,000 | $600 |
Overview
The Department of Consumer Credit requires Oklahoma Mortgage Lenders to maintain a $100,000 surety bond. The NNA has secured a $600 premium for this bond without a credit check.
This bond is intended to serve as a financial guarantee that mortgage lenders in Oklahoma will operate according to state regulations and ethical standards and fulfill their obligations to borrowers and regulatory authorities.