Oregon Mortgage Lender License Bond
New license applicants must file an electric surety bond of $50,000 via the NMLS. Renewals are based on total loan volume in the preceding 12-month period per the table below.
| Aggregate OR Loan Volume in Preceding 12 months | Bond Amount | Annual Premium |
| $0-$9,999,999 | $50,000 | $300 |
| $10,000,000-$24,999,999 | $75,000 | $450 |
| $25,000,000-$49,999,999 | $100,000 | $600 |
| $50,000,000-$99,999,999 | $150,000 | $900 |
| Exceeds $100,000,000 | $200,000 | $1,200 |
Overview
Oregon mortgage lenders are required by the Division of Financial Regulation to maintain a surety bond in an amount between $50,000 and $200,000, depending on the volume of loans closed.
The NNA has secured premiums of $6 per $1,000 in liability for all Oregon mortgage lenders to obtain this bond without a credit check. This bond is designed to provide financial protection for consumers and ensure that mortgage lenders in Oregon adhere to state regulations and ethical standards and fulfill their obligations to borrowers and regulatory authorities.