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Maryland mortgage license surety bonds
Maryland Mortgage License Bonds
Maryland mortgage lenders, mortgage brokers, mortgage servicers, exempt company registrants, and mortgage loan originator sponsors may need a surety bond for licensing or registration with the Maryland Office of Financial Regulation. Jet Insurance Company helps Maryland mortgage professionals quote, purchase, renew, replace, and manage the bond required for their NMLS filing.
Use this page to compare Maryland Mortgage Lender, Broker, Servicer, Exempt Company Registration, and Mortgage Loan Originator bond coverage, view Jet pricing, and get filing support for your Maryland mortgage license.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. Maryland mortgage bond requirements can change. Confirm the final license type, bond amount, filing method, and NMLS or Maryland Office of Financial Regulation checklist before filing.
Maryland Mortgage Bond Quick Answers
Which bonds are covered?
This page covers Maryland Mortgage Lender Bonds, Mortgage Broker Bonds, Mortgage Servicer Bonds, Exempt Company Registration Bonds, and Mortgage Loan Originator Bond Coverage.
Who regulates these licenses?
The Maryland Office of Financial Regulation regulates mortgage lenders, brokers, servicers, exempt company registrants, and mortgage loan originators.
What are common limits?
Maryland mortgage lender bonds range from $50,000 to $750,000. The correct amount depends on Maryland lending, brokering, servicing, or exempt company MLO sponsorship activity.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your Maryland Mortgage License Bond
The correct Maryland mortgage bond depends on the license type and activity. Maryland defines a Mortgage Lender as a person that acts as a mortgage broker, makes mortgage loans, or acts as a mortgage servicer. If the company engages in more than one covered activity, the bond must satisfy the highest applicable Maryland bond requirement.
Mortgage Lender Bond
For Maryland mortgage lenders, including companies that make mortgage loans or conduct lending activity under the Maryland Mortgage Lender Law.
Bond limits: $50,000 to $750,000
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Mortgage Broker Bond
For Maryland mortgage brokers that assist borrowers in obtaining mortgage loans for a fee or other valuable consideration.
Common bond limit: $50,000 when there is no lending or lending volume is $5 million or less
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Mortgage Servicer Bond
For Maryland mortgage servicers, including servicers, subservicers, and businesses that own mortgage servicing rights but contract with a subservicer.
Bond limits: $50,000 to $750,000, based on Maryland servicing portfolio
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Exempt Company Registration Bond
For certain exempt mortgage company registrants that sponsor Maryland-licensed mortgage loan originators and must provide bond coverage through NMLS.
Bond limits: Based on mortgage loan volume and Maryland bond requirements
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Mortgage Loan Originator Bond Coverage
Maryland law requires surety bond coverage for all licensed mortgage loan originators. MLOs are commonly covered through the sponsoring mortgage lender, broker, servicer, or exempt company registrant bond when that bond satisfies Maryland requirements.
Common coverage: Employer, sponsor, or exempt company bond
Bond limits: Based on the applicable Maryland mortgage bond requirement
Mortgage Broker, Lender and/or Servicer Bond
For Maryland mortgage businesses whose NMLS or Maryland OFR requirement references broker, lender, servicer, or combined mortgage activity.
Bond limits: $50,000 to $750,000
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Important: Maryland mortgage bonds are based on the company’s activity. If the company brokers, lends, and services, the bond must satisfy the highest applicable Maryland bond amount. Match the bond title, legal name, NMLS ID, effective date, and amount to the current Maryland OFR or NMLS checklist before filing.
Maryland Mortgage License Bond Pricing
Jet pricing below follows the same mortgage bond pricing method used on the other state pages, with a $79 minimum one-year premium. The one-year price is generally 0.5% of the bond limit. If the calculated one-year price ends in zero, Jet subtracts $1 before calculating multi-year options. The two-year price is 1.75 times the one-year price, and the three-year price is 2.5 times the one-year price. Monthly pricing is 10% of the one-year price, rounded when needed.
| Bond Limit | Common Maryland Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $50,000 | Mortgage broker, lender with $5 million or less in prior-year lending, servicer with $10 million or less in Maryland servicing portfolio, or low-volume exempt company registration coverage | $25 | $249 | $436 | $623 |
| $100,000 | Lender with more than $5 million to $25 million in prior-year lending or servicer with more than $10 million to $100 million in Maryland servicing portfolio | $50 | $499 | $873 | $1,248 |
| $250,000 | Lender with more than $25 million to $100 million in prior-year lending or servicer with more than $100 million to $1 billion in Maryland servicing portfolio | $125 | $1,249 | $2,186 | $3,123 |
| $500,000 | Lender with more than $100 million to $250 million in prior-year lending or servicer with more than $1 billion to $5 billion in Maryland servicing portfolio | $250 | $2,499 | $4,373 | $6,248 |
| $750,000 | Lender with more than $250 million in prior-year lending or servicer with more than $5 billion in Maryland servicing portfolio | $375 | $3,749 | $6,561 | $9,373 |
Pricing shown is preferred-tier pricing and may vary based on underwriting approval, bond form, selected term, effective date, final required bond amount, and license requirements.
Get Maryland Mortgage Bond Pricing
Start a quote online and select the Maryland bond that matches your license or NMLS checklist. Jet can help confirm whether you need a Mortgage Lender Bond, Mortgage Broker Bond, Mortgage Servicer Bond, Exempt Company Registration Bond, or Mortgage Loan Originator coverage through a sponsor bond.
Questions? Call (855) 516-3348 or email [email protected].
Maryland Mortgage Bond Requirements
Maryland mortgage lender bond amounts are based on Maryland lending and servicing volume. If a licensee engages in more than one listed activity, the bond must satisfy the highest applicable requirement. Exempt company registrants that sponsor Maryland MLOs must also maintain bond coverage through NMLS when required.
| Maryland License or Authority | Bond Amount | How the Amount Works | Quote |
|---|---|---|---|
| Mortgage Lender | $50,000 to $750,000 | Based on Maryland lending volume during the prior 12 months. | Get Quote |
| Mortgage Broker | Commonly $50,000 | Applies when there is no lending or $5 million or less in Maryland lending volume. Higher limits may apply if the company also lends or services. | Get Quote |
| Mortgage Servicer | $50,000 to $750,000 | Based on total Maryland servicing portfolio, including loans serviced under MSRs, loans subserviced for others, and loans subserviced by others. | Get Quote |
| Exempt Company Registration | Based on mortgage loan volume | Exempt company registrants sponsoring Maryland MLOs must provide electronic surety bond coverage in at least the amount required if the lender were licensed under the Maryland Mortgage Lender Law. | Get Quote |
| Mortgage Loan Originator Coverage | Covered by employer, sponsor, or exempt company bond when eligible | Maryland requires surety bond coverage for all licensed MLOs. Coverage is commonly provided through the sponsoring entity’s bond. | Get Help |
Filing note: Maryland mortgage licensing and exempt company registration are handled through NMLS. Confirm the exact bond amount, electronic surety bond status, and filing requirements on the current Maryland NMLS checklist.
Maryland Mortgage Bond Amounts
Maryland uses separate bond schedules for lending/brokering volume and servicing portfolio volume. If the licensee does more than one activity, use the highest applicable requirement.
| Maryland Activity | Volume or Portfolio | Required Bond Amount | Jet 1-Year Price |
|---|---|---|---|
| Brokering or Lending | No lending, or lent $5 million or less in the prior year | $50,000 | $249 |
| Brokering or Lending | More than $5 million to $25 million | $100,000 | $499 |
| Brokering or Lending | More than $25 million to $100 million | $250,000 | $1,249 |
| Brokering or Lending | More than $100 million to $250 million | $500,000 | $2,499 |
| Brokering or Lending | More than $250 million | $750,000 | $3,749 |
| Servicing | Maryland servicing portfolio of $10 million or less | $50,000 | $249 |
| Servicing | More than $10 million to $100 million | $100,000 | $499 |
| Servicing | More than $100 million to $1 billion | $250,000 | $1,249 |
| Servicing | More than $1 billion to $5 billion | $500,000 | $2,499 |
| Servicing | More than $5 billion | $750,000 | $3,749 |
Volume note: Use the current Maryland NMLS checklist and sworn statement of volume instructions as the final source for the required bond amount.
Maryland Mortgage Lender Bond
The Maryland Mortgage Lender Bond applies to licensed mortgage lenders and other companies conducting Maryland mortgage lending business. Maryland’s lender bond requirement is based on lending volume, with a range from $50,000 to $750,000.
License Type
Maryland Mortgage Lender License.
Bond Limits
$50,000 to $750,000, based on Maryland lending volume.
Starting Price
$249 for one year or $25 monthly for the $50,000 bond.
Use this option when the Maryland or NMLS checklist references mortgage lender authority, lending activity, or mortgage loan volume.
Maryland Mortgage Broker Bond
The Maryland Mortgage Broker Bond applies to mortgage brokers that assist borrowers in obtaining mortgage loans for a fee or other valuable consideration. Maryland’s lowest mortgage bond tier is $50,000 for brokers with no lending activity or lending volume of $5 million or less.
License Type
Maryland Mortgage Broker authority under the Mortgage Lender License framework.
Common Bond Limit
$50,000, unless the company also lends or services at a higher-volume level.
Jet Pricing
$249 for one year, $25 monthly, $436 for two years, or $623 for three years for the $50,000 bond.
If the company also makes loans or services loans, Maryland requires the bond to satisfy the highest applicable activity-based amount.
Maryland Mortgage Servicer Bond
The Maryland Mortgage Servicer Bond applies to companies engaged in the business of servicing mortgage loans for others, collecting or receiving mortgage loan payments from borrowers for distribution to another person, subservicing, or owning mortgage servicing rights while contracting with a subservicer.
Authority Type
Maryland Mortgage Servicer authority under the Mortgage Lender License framework.
Bond Limits
$50,000 to $750,000, based on the Maryland servicing portfolio.
Starting Price
$249 for one year or $25 monthly for the $50,000 bond.
Use this option when the Maryland or NMLS requirement references mortgage servicing, subservicing, MSRs, or a combined mortgage lender/servicer activity.
Maryland Exempt Company Registration Bond
The Maryland Exempt Company Registration Bond applies to certain exempt mortgage company registrants that need to manage Maryland-licensed mortgage loan originators in NMLS. Maryland has issued guidance stating that exempt mortgage company registrants sponsoring Maryland MLOs must provide electronic surety bond coverage in at least the amount that would be required if the lender were licensed under the Maryland Mortgage Lender Law.
Registration Type
Maryland Exempt Company Registration.
Bond Amount
Based on mortgage loan volume and Maryland mortgage lender bond requirements.
Starting Price
$249 for one year or $25 monthly for the $50,000 bond.
Before ordering, confirm the exempt company legal name, NMLS company ID, sponsored MLO information, effective date, and the exact bond amount shown on the Maryland NMLS checklist.
Maryland Mortgage Loan Originator Bond Coverage
Maryland requires surety bond coverage for all licensed mortgage loan originators. An MLO may be covered through the surety bond of the sponsoring mortgage lender, broker, servicer, or exempt mortgage company registrant when the bond satisfies Maryland requirements.
License Type
Maryland Mortgage Loan Originator License.
How Coverage Works
The MLO is commonly covered through the sponsoring company’s Maryland mortgage bond or exempt company bond.
Bond Amount
Based on the sponsoring entity’s applicable Maryland mortgage bond requirement.
If your NMLS checklist shows a separate individual MLO bond requirement, contact Jet before ordering so the bond form, amount, and filing path can be confirmed.
Maryland Mortgage Broker, Lender and/or Servicer Bond
The Maryland Mortgage Broker, Lender and/or Servicer Bond option is for mortgage businesses whose NMLS or Maryland OFR requirement references a broader mortgage authority. Maryland’s Mortgage Lender License covers mortgage brokers, lenders, and servicers, and the bond amount depends on the company’s activity and volume.
Authority Type
Maryland mortgage broker, lender, servicer, exempt company, MLO sponsor, or combined mortgage authority.
Bond Limits
$50,000 to $750,000.
Starting Price
$249 for one year or $25 monthly for the $50,000 bond.
Use this option when the Maryland or NMLS requirement references mortgage broker, mortgage lender, mortgage servicer, exempt company, or combined mortgage activity rather than a narrower bond title.
Maryland Mortgage Bond Comparison
Maryland mortgage bond requirements depend on the activity and NMLS license or registration path. This comparison helps identify which bond is most likely to apply before starting the quote.
| Requirement | Regulator | Bond Amount | Main Filing Point |
|---|---|---|---|
| Mortgage Lender Bond | Maryland Office of Financial Regulation | $50,000 to $750,000 | NMLS company license record |
| Mortgage Broker Bond | Maryland Office of Financial Regulation | Commonly $50,000 unless a higher activity-based amount applies | NMLS company license record |
| Mortgage Servicer Bond | Maryland Office of Financial Regulation | $50,000 to $750,000 | NMLS company license record |
| Exempt Company Registration Bond | Maryland Office of Financial Regulation | Based on mortgage loan volume and Maryland MLO sponsorship requirements | NMLS exempt company registration record |
| Mortgage Loan Originator Coverage | Maryland Office of Financial Regulation | Covered through sponsor or exempt company bond when eligible | NMLS MLO license and sponsorship record |
How Maryland Mortgage Bond Quotes Work
1
Confirm the Maryland Activity
Identify whether the NMLS checklist references mortgage lending, brokering, servicing, exempt company registration, or MLO sponsorship coverage.
2
Confirm the Bond Amount
Use the Maryland bond schedule and the amount shown on the current NMLS checklist. If multiple activities apply, use the highest required amount.
3
Buy and File
After purchase, Jet provides the bond or filing guidance based on the current Maryland and NMLS process.
Need a Maryland Mortgage License Bond?
Jet can help you choose the correct Maryland Mortgage Lender Bond, Mortgage Broker Bond, Mortgage Servicer Bond, Exempt Company Registration Bond, or Mortgage Loan Originator coverage, review pricing, and get the bond issued for licensing.
Maryland mortgage bond pricing starts at $249 for one year or $25 monthly for a $50,000 bond. Higher limits are available up to $750,000.
Questions? Call (855) 516-3348 or email [email protected].
How Are Maryland Mortgage Bonds Filed?
Maryland mortgage lender, broker, servicer, exempt company, and MLO sponsorship records are managed through NMLS. Maryland OFR also notes that the NMLS record functions as the license record for Maryland licensees.
Jet can provide the required bond document or electronic filing guidance after purchase. Before ordering, confirm the company or individual legal name, NMLS ID, license or registration type, bond amount, effective date, and whether the bond must be completed as an Electronic Surety Bond in NMLS.
NMLS Filing
The bond should match the legal name, NMLS ID, and Maryland license or registration record.
Sworn Volume Statement
Maryland bond amounts may be based on lending or servicing volume. Confirm the sworn volume information used for the bond amount before filing.
Bond Changes
Contact Jet before changing the legal name, DBA, NMLS ID, bond amount, license authority, servicing activity, exempt company status, or MLO sponsorship.
Maryland Mortgage Bond Renewals, Changes, and Cancellations
Renewing Your Bond
Keep the Maryland mortgage bond active for as long as the license or registration requires coverage. Review the bond before renewal to confirm the legal name, NMLS ID, activity, servicing portfolio, MLO sponsorship, and bond amount remain correct.
Changing the Bond
A bond change may be needed when the company changes its legal name, DBA, NMLS ID, bond amount, mortgage authority, servicing status, exempt company registration, or sponsored MLO structure.
Cancelling or Replacing Your Bond
Do not cancel a required Maryland mortgage bond until replacement coverage is accepted or the license or registration no longer requires coverage. A bond gap can create licensing or MLO sponsorship issues.
What Does a Maryland Mortgage License Bond Cover?
A Maryland mortgage license bond is designed to protect the public and the state regulator, not the bonded mortgage company or mortgage loan originator. The bond supports compliance with Maryland mortgage lender, broker, servicer, exempt company, and mortgage loan originator licensing laws.
If a bonded licensee or registrant violates covered Maryland mortgage laws, regulations, or licensing obligations, a damaged consumer or regulator may seek recovery from the bond. The surety’s total liability is limited to the bond amount.
A surety bond is different from insurance for the bonded party. If Jet pays a valid claim, the bonded principal is responsible for reimbursing Jet for the amount paid and related costs under the indemnity agreement.
How to Avoid Maryland Mortgage Bond Claims
- Maintain continuous bond coverage for the correct Maryland mortgage license, registration, servicing activity, or MLO coverage requirement.
- Match the bond to the exact legal name, DBA, NMLS ID, license type, registration type, and required bond amount.
- Confirm whether the company conducts brokering, lending, servicing, exempt company registration, MLO sponsorship, or multiple Maryland mortgage activities.
- Use the highest applicable bond amount if multiple Maryland mortgage activities apply.
- Confirm whether a mortgage loan originator is covered by a sponsor or exempt company bond before purchasing separate coverage.
- Do not conduct Maryland mortgage business without the correct license or registration.
- Do not advertise or represent loan terms in a misleading way.
- Do not charge unauthorized or prohibited fees.
- Maintain required books, records, mortgage call reports, sworn volume statements, renewals, and consumer disclosures.
- Keep company, branch, trade name, servicer, exempt company, and MLO information current in NMLS.
- Contact Jet before cancelling, replacing, or changing the bond.
Want to Know More About Mortgage Bond Processes?
Popular Mortgage License Bond Guides
Maryland Mortgage License Bond FAQ
What Maryland mortgage bonds are covered on this page?
This page covers Maryland Mortgage Lender Bonds, Mortgage Broker Bonds, Mortgage Servicer Bonds, Exempt Company Registration Bonds, and Mortgage Loan Originator bond coverage.
What is the Maryland mortgage lender bond amount?
The Maryland mortgage lender bond amount ranges from $50,000 to $750,000. The exact amount depends on Maryland lending volume, servicing portfolio, and whether the company engages in more than one covered mortgage activity.
How much does a Maryland mortgage bond cost?
Jet pricing for a $50,000 Maryland mortgage bond is $249 for one year, $25 monthly, $436 for two years, or $623 for three years. Higher limits cost more.
Does a Maryland mortgage broker need a bond?
Yes. Maryland mortgage brokers fall under the Maryland Mortgage Lender License framework and commonly use a $50,000 bond when there is no lending activity or lending volume is $5 million or less.
Does a Maryland mortgage servicer need a bond?
Yes. Maryland mortgage servicers are included under the Maryland Mortgage Lender License framework, and the bond amount is based on the Maryland servicing portfolio.
Does a Maryland exempt company registrant need a bond?
Yes, if the exempt company registrant sponsors Maryland-licensed MLOs and must provide bond coverage. Maryland guidance says the registrant must provide electronic surety bond coverage through NMLS in at least the amount required if the lender were licensed under the Maryland Mortgage Lender Law.
Does a Maryland mortgage loan originator need a bond?
Maryland requires surety bond coverage for all licensed MLOs. Coverage is commonly provided through the sponsoring mortgage lender, broker, servicer, or exempt company registrant bond when that bond satisfies Maryland requirements.
Are Maryland mortgage bonds filed through NMLS?
Yes. Maryland mortgage licensing, registration, and MLO sponsorship are handled through NMLS. Follow the current Maryland NMLS checklist for the exact electronic surety bond and filing steps.
Who should I contact for Maryland mortgage bond help?
Call Jet at (855) 516-3348, email [email protected], or start a quote online for help choosing, purchasing, renewing, replacing, or changing a Maryland mortgage license bond.
Get the Maryland Mortgage Bond Required for Your License
Start by choosing the Maryland bond that matches your license, registration, MLO sponsorship, mortgage volume, servicing portfolio, or NMLS requirement. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.
Maryland mortgage bond pricing starts at $249 for one year or $25 monthly for a $50,000 bond. Higher limits are available up to $750,000.
Call: (855) 516-3348
Email: [email protected]