Texas Residential Mortgage Loan Servicer Bond
Flat Rates & No Credit Check
| Serviced Volume ($) | Bond Amount Required | Bond Term | Annual Premium |
| <$25,000,000 | $25,000 | 1 Year | $150 |
| >$25,000,001 | $50,000 | 1 Year | $300 |
Residential mortgage loan servicers operating in Texas must meet state registration and bonding requirements. Required by the State of Texas, the Texas residential mortgage loan servicer bond helps ensure compliance with applicable mortgage servicing requirements and provides financial protection for covered violations.
Cost of the Texas Residential Mortgage Loan Servicer Bond
The cost of the $25,000 or $50,000 Texas residential mortgage loan servicer bond is $150 or $300 per bond term with NNA Surety. Secure this surety bond today.
The NNA has secured a flat rate of $6 per $1,000 in liability for all Texas residential mortgage loan servicers without a credit check.
How the Texas Residential Mortgage Loan Servicer Bond Works
The Texas residential mortgage loan servicer bond protects consumers by holding registered mortgage loan servicers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Residential mortgage loan servicer
- Obligee: State of Texas
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Texas mortgage servicing requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Texas Residential Mortgage Loan Servicer Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $150 or $300 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Texas residential mortgage loan servicer registration.
Learn more about your Texas surety bond options across the state.
Get Your Texas Residential Mortgage Loan Servicer Bond
Keep your Texas registration requirements on track by securing your residential mortgage loan servicer bond today. Complete this form or call 855-457-2196 to get bonded.