Oregon Mortgage Servicer Bond
New license applicants must file an electric surety bond of $50,000 via the NMLS. Renewals are based on total unpaid principal balance (UPB) of residential mortgage loans serviced in Oregon as of the most recently completed quarter per the table below.
| Unpaid Principal Balance | 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
The Division of Financial Regulation requires Oregon mortgage servicers to maintain a surety bond between $50,000 and $200,000 (based on serviced volume). The NNA has secured premiums of $6 per $1,000 in liability for all Oregon mortgage servicers 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.