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Nebraska mortgage and consumer lending surety bonds
Nebraska Mortgage License Bonds
Nebraska mortgage bankers, mortgage lenders, mortgage brokers, mortgage servicers, mortgage loan originators, installment loan companies, installment sales companies, and related lending businesses may need surety bond coverage for licensing or registration with the Nebraska Department of Banking and Finance. Jet Insurance Company helps Nebraska mortgage and lending professionals quote, purchase, renew, replace, and manage the bond required for their NMLS or state filing.
Use this page to compare Nebraska Mortgage Banker, Mortgage Lender, Mortgage Broker, Mortgage Servicer, Mortgage Loan Originator coverage, Installment Loan Company, Installment Sales Company, and Mortgage Broker, Lender and/or Servicer bond requirements, view Jet pricing, and get filing support for your Nebraska license.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. Nebraska mortgage and consumer lending bond requirements can change. Confirm the final license type, registration type, bond amount, filing method, and NMLS or Nebraska Department of Banking and Finance checklist before filing.
Nebraska Mortgage Bond Quick Answers
Which bonds are covered?
This page covers Nebraska Mortgage Banker Bonds, Mortgage Lender Bonds, Mortgage Broker Bonds, Mortgage Servicer Bonds, Mortgage Loan Originator Bond Coverage, Installment Loan Company Bonds, Installment Sales Company Bonds, and Mortgage Broker, Lender and/or Servicer Bonds.
Who regulates these licenses?
The Nebraska Department of Banking and Finance regulates mortgage bankers, mortgage loan originators, installment loan companies, installment sales companies, and related consumer lending licensees.
What are common limits?
The Nebraska Mortgage Banker Bond starts at $100,000 and can increase to $125,000, $150,000, or $200,000. Installment Loan and Installment Sales bonds start at $50,000 and increase by $50,000 per licensed branch.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your Nebraska Mortgage or Lending License Bond
Nebraska uses the term mortgage banker for mortgage lenders, brokers, servicers, arrangers, sellers, acquirers, and companies offering or conducting mortgage banking activity. Nebraska also has separate Installment Loan Company and Installment Sales Company license types under the Nebraska Installment Loan and Sales Act. The correct bond depends on the license type, branch locations, whether mortgage loan originators are employed or used as independent agents, and the company’s closed or serviced Nebraska residential mortgage loan volume.
Mortgage Banker Bond
For Nebraska mortgage banker licensees and registrants conducting mortgage banking activity in Nebraska.
Initial bond limit: $100,000
Volume-based limits: $100,000, $125,000, $150,000, or $200,000
Starting price: $499 for one year or $50 monthly for the $100,000 bond.
Mortgage Lender Bond
For Nebraska mortgage lenders that make, originate, fund, arrange, acquire, sell, or offer residential mortgage loans.
Common bond title: Nebraska Mortgage Banker Bond
Bond limits: $100,000 to $200,000 based on Nebraska closed or serviced loan volume
Mortgage Broker Bond
For Nebraska mortgage brokers that negotiate, arrange, solicit, or offer residential mortgage loans for compensation or expected compensation.
Common bond title: Nebraska Mortgage Banker Bond
Bond limits: $100,000 to $200,000 based on Nebraska closed or serviced loan volume
Mortgage Servicer Bond
For Nebraska mortgage bankers that service residential mortgage loans. Nebraska’s bond schedule includes closed or serviced residential mortgage loans in the state.
Common bond title: Nebraska Mortgage Banker Bond
Bond limits: $100,000 to $200,000 based on Nebraska closed or serviced loan volume
Installment Loan Company Bond
For Nebraska Installment Loan License applicants and licensees under the Nebraska Installment Loan Act or Nebraska Installment Loan and Sales Act framework.
Base bond limit: $50,000
Branch rule: Add $50,000 for each licensed branch location when applicable
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Installment Sales Company Bond
For Nebraska Installment Sales Company License applicants and licensees that are required to post a surety bond under the Nebraska Installment Loan and Sales Act.
Base bond limit: $50,000
Branch rule: Add $50,000 for each licensed branch location when applicable
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Installment Loan Supplemental Bond
For Nebraska installment loan companies that employ or enter into independent agent agreements with individuals required to obtain a mortgage loan originator license.
Bond limit: $100,000 supplemental bond
Starting price: $499 for one year or $50 monthly.
Mortgage Loan Originator Bond Coverage
The Nebraska Mortgage Banker Bond also covers mortgage loan originators who are employees or independent agents of the mortgage banker applicant, licensee, or registrant.
Common coverage: Covered by the mortgage banker company bond
Company bond limits: $100,000 to $200,000 based on Nebraska loan volume
Supplemental Mortgage Banker Bond
The Nebraska Director may require a new or supplemental bond if the existing bond is exhausted or inadequate, including because of the financial condition of the licensee, registrant, or applicant.
Maximum supplemental amount: Up to $1,000,000
Price: Based on final bond amount and underwriting review.
Broker, Lender and/or Servicer Bond
For businesses whose NMLS checklist references broader Nebraska mortgage banking authority, consumer lending authority, MLO coverage, or supplemental bond requirements.
Common limits: $50,000 to $200,000 depending on the license, with supplemental amounts possible
Starting price: $249 for one year for a $50,000 installment loan or installment sales bond.
Important: Nebraska’s mortgage bond is usually titled the Mortgage Banker Bond, even when a business thinks of itself as a mortgage broker, lender, or servicer. Installment Loan Company and Installment Sales Company licensees use separate bond requirements. Confirm the exact license type, branch count, MLO relationship, bond title, and amount on the current NMLS or Department checklist before ordering.
Nebraska Mortgage and Lending 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 Nebraska Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $50,000 | Installment Loan Company Bond or Installment Sales Company Bond base amount | $25 | $249 | $436 | $623 |
| $100,000 | Initial Mortgage Banker Bond, Installment Loan Supplemental Bond, or installment loan/sales bond with one licensed branch increase | $50 | $499 | $873 | $1,248 |
| $125,000 | Mortgage Banker Bond for more than $5,000,000 and up to $10,000,000 in closed or serviced Nebraska residential mortgage loans | $63 | $625 | $1,094 | $1,563 |
| $150,000 | Mortgage Banker Bond for more than $10,000,000 and up to $25,000,000 in closed or serviced Nebraska residential mortgage loans, or installment loan/sales bond with two licensed branch increases | $75 | $749 | $1,311 | $1,873 |
| $200,000 | Mortgage Banker Bond for more than $25,000,000 in closed or serviced Nebraska residential mortgage loans, or installment loan/sales bond with three licensed branch increases | $100 | $999 | $1,748 | $2,498 |
| $1,000,000 | Possible new or supplemental mortgage banker bond if required by the Director | $500 | $4,999 | $8,748 | $12,498 |
Pricing shown is preferred-tier pricing and may vary based on underwriting approval, bond form, selected term, effective date, final required bond amount, license type, branch count, registration status, and Nebraska Department of Banking and Finance requirements. Large supplemental bonds may require additional underwriting.
Get Nebraska Mortgage or Lending Bond Pricing
Start a quote online and select the Nebraska bond that matches your license, registration, or NMLS checklist. Jet can help confirm whether you need a Mortgage Banker Bond, Mortgage Lender Bond, Mortgage Broker Bond, Mortgage Servicer Bond, Installment Loan Company Bond, Installment Sales Company Bond, Installment Loan Supplemental Bond, Mortgage Loan Originator coverage, or supplemental mortgage banker bond.
Questions? Call (855) 516-3348 or email [email protected].
Nebraska Mortgage and Lending Bond Requirements
Nebraska requires applicants for a mortgage banker license or registration to file a surety bond with the Department of Banking and Finance. The initial mortgage banker bond amount is $100,000. After the mortgage report of condition is filed, the bond amount may need to be maintained, increased, or decreased based on the total dollar amount of closed or serviced residential mortgage loans in Nebraska during the preceding calendar year.
Nebraska also requires Installment Loan Company and Installment Sales Company license applicants to file a $50,000 surety bond. The bond increases by an additional $50,000 for each licensed branch location. Installment loan companies that employ or use independent agents who must hold mortgage loan originator licenses may also need a $100,000 supplemental installment loan bond.
| Nebraska License, Registration, or Authority | Bond Amount | How the Amount Works | Quote |
|---|---|---|---|
| Mortgage Banker License or Registration | $100,000 initial bond | Required with the mortgage banker license or registration application. | Get Quote |
| Mortgage Banker Renewal or Reported Volume | $100,000, $125,000, $150,000, or $200,000 | Based on closed or serviced Nebraska residential mortgage loans in the preceding calendar year. | Get Quote |
| Mortgage Lender, Broker, or Servicer Activity | $100,000 to $200,000 | Nebraska generally treats lender, broker, arranger, seller, acquirer, and servicer activity as mortgage banking. | Get Quote |
| Installment Loan Company License | $50,000 base bond | Required for an Installment Loan License. Increase by $50,000 for each licensed branch location when applicable. | Get Quote |
| Installment Sales Company License | $50,000 base bond | Required for a license under the Nebraska Installment Loan and Sales Act. Increase by $50,000 for each licensed branch location when applicable. | Get Quote |
| Installment Loan Supplemental Bond | $100,000 | Used when an installment loan company employs or has independent agent agreements with individuals required to obtain a mortgage loan originator license. | Get Quote |
| Mortgage Loan Originator Coverage | Covered through mortgage banker bond when eligible | The mortgage banker bond also covers MLOs who are employees or independent agents of the applicant, licensee, or registrant. | Get Help |
| New or Supplemental Mortgage Banker Bond | Up to $1,000,000 if required by the Director | The Director may require a new or supplemental bond if the existing bond is exhausted or inadequate for any reason. | Get Quote |
Filing note: Nebraska accepts Electronic Surety Bonds through NMLS for Mortgage Banker Licenses, Mortgage Banker Registrations, and Installment Loan License filings. Confirm the exact bond amount, bond form, branch count, supplemental bond requirement, rider requirement, electronic surety bond status, and filing instructions on the current Nebraska checklist before ordering or filing the bond.
Nebraska Mortgage and Lending Bond Amounts
Nebraska’s mortgage banker bond amount starts at $100,000 and then adjusts based on the total dollar amount of closed or serviced residential mortgage loans in Nebraska during the preceding calendar year. Installment Loan and Installment Sales bond amounts start at $50,000 and increase by $50,000 for each licensed branch location.
| Bond Type or Volume | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| Installment Loan Company or Installment Sales Company base license | $50,000 | $25 | $249 |
| Mortgage Banker application or $0 to $5,000,000 in closed or serviced Nebraska residential mortgage loans | $100,000 | $50 | $499 |
| Installment Loan Supplemental Bond when MLO-covered individuals are employed or used as independent agents | $100,000 | $50 | $499 |
| Mortgage Banker: $5,000,000.01 to $10,000,000 in closed or serviced Nebraska residential mortgage loans | $125,000 | $63 | $625 |
| Mortgage Banker: $10,000,000.01 to $25,000,000 in closed or serviced Nebraska residential mortgage loans | $150,000 | $75 | $749 |
| Mortgage Banker: Over $25,000,000 in closed or serviced Nebraska residential mortgage loans | $200,000 | $100 | $999 |
| Director-required new or supplemental mortgage banker bond | Up to $1,000,000 | $500 for $1,000,000 | $4,999 for $1,000,000 |
Branch note: For Installment Loan and Installment Sales licensees, the $50,000 bond increases by an additional $50,000 for each licensed branch location. For example, a company with one licensed branch in addition to the main licensed location may need a $100,000 bond, if that branch bond increase applies to the license record.
Nebraska Mortgage Banker Bond
The Nebraska Mortgage Banker Bond applies to mortgage banker licensees and registrants under the Nebraska Residential Mortgage Licensing Act. Nebraska’s definition of mortgage banking includes making, originating, servicing, negotiating, acquiring, selling, arranging, or offering to make, originate, service, negotiate, acquire, sell, or arrange residential mortgage loans.
License Type
Nebraska Mortgage Banker License or Mortgage Banker Registration.
Bond Limits
$100,000 initial bond; $100,000, $125,000, $150,000, or $200,000 based on closed or serviced Nebraska loan volume.
Starting Price
$499 for one year or $50 monthly for the $100,000 bond.
Use this option when the Nebraska or NMLS checklist references a Mortgage Banker Bond, Mortgage Banker License, Mortgage Banker Registration, or Nebraska Residential Mortgage Licensing Act bond.
Nebraska Mortgage Lender Bond
Businesses that make, originate, fund, acquire, sell, arrange, or offer residential mortgage loans in Nebraska are generally regulated under Nebraska’s mortgage banker framework. The bond commonly filed for this activity is the Nebraska Mortgage Banker Bond.
License Type
Nebraska Mortgage Banker License or Registration for lender activity.
Bond Limits
$100,000 to $200,000 based on closed or serviced Nebraska residential mortgage loan volume.
Starting Price
$499 for one year or $50 monthly for the $100,000 bond.
Use this option when the Nebraska or NMLS checklist references mortgage lender activity, funded loans, residential mortgage lending, or mortgage banker authority.
Nebraska Mortgage Broker Bond
Businesses that negotiate, arrange, solicit, or offer to arrange residential mortgage loans in Nebraska are generally regulated under the mortgage banker framework. Nebraska does not use the same separate broker bond schedule found in some states; the Nebraska Mortgage Banker Bond is the common bond for mortgage broker activity.
License Type
Nebraska Mortgage Banker License or Registration for broker activity.
Bond Limits
$100,000 to $200,000 based on closed or serviced Nebraska residential mortgage loan volume.
Starting Price
$499 for one year or $50 monthly for the $100,000 bond.
Use this option when the Nebraska or NMLS checklist references mortgage broker activity, arranging loans, negotiating loans, or mortgage banker authority.
Nebraska Mortgage Servicer Bond
Nebraska’s mortgage banker framework includes servicing residential mortgage loans. The Nebraska bond schedule also uses closed or serviced residential mortgage loan volume to determine the required bond amount after the mortgage report of condition is filed.
License Type
Nebraska Mortgage Banker License or Registration for servicing activity.
Bond Limits
$100,000 to $200,000 based on closed or serviced Nebraska residential mortgage loan volume.
Starting Price
$499 for one year or $50 monthly for the $100,000 bond.
Use this option when the Nebraska or NMLS checklist references mortgage servicing, serviced residential mortgage loans, or mortgage banker authority.
Nebraska Installment Loan Company Bond
The Nebraska Installment Loan Company Bond applies to businesses that apply for or hold an Installment Loan License with the Nebraska Department of Banking and Finance. Nebraska DBOF requires an original $50,000 surety bond as part of the Installment Loan License application, and installment loan licensees use NMLS for new applications and renewals.
License Type
Nebraska Installment Loan Company License.
Bond Limits
$50,000 base bond, increased by $50,000 for each licensed branch location when applicable.
Starting Price
$249 for one year, $25 monthly, $436 for two years, or $623 for three years for the $50,000 bond.
Use this option when the Nebraska or NMLS checklist references an Installment Loan Company License, Installment Loan License Bond, or Installment Loan Act bond.
Nebraska Installment Sales Company Bond
The Nebraska Installment Sales Company Bond applies to businesses that apply for or hold an installment sales license under the Nebraska Installment Loan and Sales Act. Nebraska’s surety bond statute for licenses issued under the Act requires a $50,000 bond, with the amount increased by an additional $50,000 for each licensed branch location.
License Type
Nebraska Installment Sales Company License.
Bond Limits
$50,000 base bond, increased by $50,000 for each licensed branch location when applicable.
Starting Price
$249 for one year, $25 monthly, $436 for two years, or $623 for three years for the $50,000 bond.
Use this option when the Nebraska or NMLS checklist references an Installment Sales Company License, Installment Sales Bond, or Nebraska Installment Loan and Sales Act bond.
Nebraska Installment Loan License Supplemental Bond
The Nebraska Installment Loan License Supplemental Bond applies to installment loan companies that employ or enter into independent agent agreements with one or more individuals required to obtain a mortgage loan originator license under the Nebraska Residential Mortgage Licensing Act.
When It Applies
When an installment loan company uses employees or independent agents who are required to hold mortgage loan originator licenses.
Bond Limit
$100,000 supplemental bond.
Jet Pricing
$499 for one year, $50 monthly, $873 for two years, or $1,248 for three years.
This supplemental bond is separate from the base $50,000 Installment Loan Company Bond. Confirm whether it is required based on the company’s MLO employment or independent agent structure before ordering.
Nebraska Mortgage Loan Originator Bond Coverage
The Nebraska Mortgage Banker Bond also covers mortgage loan originators who are employees or independent agents of the mortgage banker applicant, licensee, or registrant. This means an eligible MLO is commonly covered by the company’s Nebraska Mortgage Banker Bond rather than a separate individual MLO bond.
License Type
Nebraska Mortgage Loan Originator License.
How Coverage Works
Coverage is commonly provided by the mortgage banker company bond for employees and independent agents.
Company Bond Limits
$100,000 to $200,000 based on Nebraska closed or serviced residential mortgage loan volume.
Before ordering separate MLO coverage, confirm whether the MLO is covered under the licensed or registered company’s Nebraska Mortgage Banker Bond and sponsorship or agency relationship.
Nebraska Supplemental Mortgage Banker Bond
Nebraska allows the Director to require a new or supplemental mortgage banker bond if the bond on file is exhausted or inadequate for any reason, including the financial condition of the licensee, registrant, or applicant. The new or supplemental bond may not exceed $1,000,000.
When It Applies
When the Department determines the current bond is exhausted or inadequate.
Maximum Amount
Up to $1,000,000.
Pricing
Based on the final bond amount and underwriting review.
Use this option only if the Department, Director, or NMLS checklist requires a new or supplemental bond beyond the standard mortgage banker bond schedule.
Nebraska Mortgage and Lending Bond Comparison
Nebraska bond requirements depend on the company’s mortgage banking activity, installment loan or installment sales license type, branch count, registration or license status, closed or serviced Nebraska loan volume, and whether MLO coverage is handled through the company bond or supplemental bond.
| Requirement | Regulator | Bond Amount | Main Filing Point |
|---|---|---|---|
| Mortgage Banker Bond | Nebraska Department of Banking and Finance | $100,000 to $200,000 based on Nebraska closed or serviced volume | NMLS company license or registration record |
| Mortgage Lender Bond | Nebraska Department of Banking and Finance | Commonly filed as the Mortgage Banker Bond | NMLS company license or registration record |
| Mortgage Broker Bond | Nebraska Department of Banking and Finance | Commonly filed as the Mortgage Banker Bond | NMLS company license or registration record |
| Mortgage Servicer Bond | Nebraska Department of Banking and Finance | Commonly filed as the Mortgage Banker Bond; amount based on closed or serviced volume | NMLS company license or registration record |
| Installment Loan Company Bond | Nebraska Department of Banking and Finance | $50,000 base bond plus $50,000 for each licensed branch when applicable | NMLS or Department installment loan license record |
| Installment Sales Company Bond | Nebraska Department of Banking and Finance | $50,000 base bond plus $50,000 for each licensed branch when applicable | NMLS or Department installment sales license record |
| Installment Loan Supplemental Bond | Nebraska Department of Banking and Finance | $100,000 | NMLS or Department installment loan license record when MLO-covered individuals are used |
| Mortgage Loan Originator Coverage | Nebraska Department of Banking and Finance | Covered through company bond when eligible | NMLS MLO license and company sponsorship or agency record |
| Supplemental Mortgage Banker Bond | Nebraska Department of Banking and Finance | Up to $1,000,000 if required by the Director | NMLS or Department-directed bond filing |
How Nebraska Mortgage and Lending Bond Quotes Work
1
Confirm the Nebraska License
Identify whether the checklist references Mortgage Banker License, Mortgage Banker Registration, mortgage lender activity, mortgage broker activity, mortgage servicing, Installment Loan Company, Installment Sales Company, MLO coverage, or a supplemental bond request.
2
Confirm the Bond Amount
Use $100,000 for the initial mortgage banker bond. Use $50,000 for base installment loan or installment sales bonds, plus branch increases when applicable. Confirm any supplemental bond requirement.
3
Buy and File
After purchase, Jet provides the bond or filing guidance based on the current Nebraska, Department, and NMLS process.
Need a Nebraska Mortgage or Lending License Bond?
Jet can help you choose the correct Nebraska Mortgage Banker Bond, Mortgage Lender Bond, Mortgage Broker Bond, Mortgage Servicer Bond, Installment Loan Company Bond, Installment Sales Company Bond, Installment Loan Supplemental Bond, Mortgage Loan Originator coverage, or supplemental mortgage banker bond, review pricing, and get the bond issued for licensing or registration.
Nebraska bond pricing starts at $249 for one year or $25 monthly for the $50,000 Installment Loan or Installment Sales Company Bond, and $499 for one year or $50 monthly for the $100,000 Mortgage Banker Bond.
Questions? Call (855) 516-3348 or email [email protected].
How Are Nebraska Mortgage and Lending Bonds Filed?
Nebraska mortgage license and registration applications are submitted through NMLS. Nebraska accepts Electronic Surety Bonds for Mortgage Banker Licenses and Mortgage Banker Registrations through NMLS, and new company license applications must meet surety bond requirements using the electronic process. Nebraska also uses NMLS for Installment Loan License applications and renewals.
The bond should match the company’s legal name, NMLS ID, license or registration type, bond amount, branch locations, and effective date. Before ordering, confirm the company legal name, NMLS ID, license type, bond amount, branch count, MLO coverage, mortgage report of condition volume, and whether a rider, replacement bond, installment loan supplemental bond, or supplemental mortgage banker bond is required.
NMLS Filing
The bond should match the legal name, NMLS ID, Nebraska license or registration record, and required bond amount.
Installment Loan and Sales Filing
Confirm whether the filing is handled through NMLS or directly with the Department, and confirm whether branch increases or the $100,000 supplemental bond apply.
Bond Changes
Contact Jet before changing the legal name, DBA, NMLS ID, bond amount, branch count, license type, registration status, MLO relationship, or Nebraska loan volume.
Nebraska Mortgage and Lending Bond Renewals, Changes, and Cancellations
Renewing Your Bond
Keep the Nebraska bond active for all periods of licensing or registration. Review the bond before renewal to confirm the legal name, NMLS ID, license or registration type, MLO coverage, branch count, closed or serviced Nebraska loan volume, and bond amount remain correct.
Changing the Bond
A bond increase may be required after the mortgage report of condition if Nebraska closed or serviced loan volume changes. Installment loan or installment sales bond amounts may also change if branch locations are added or removed. A bond change may also be needed after a legal name, DBA, NMLS ID, license authority, registration status, or MLO relationship change.
Cancelling or Replacing Your Bond
Do not cancel a required Nebraska mortgage, installment loan, or installment sales bond until replacement coverage is accepted or the license or registration no longer requires coverage. A bond gap can create licensing and NMLS problems.
What Does a Nebraska Mortgage or Lending Bond Cover?
A Nebraska mortgage or lending license bond is designed to protect the State of Nebraska and Nebraska residents, not the bonded company. The Mortgage Banker Bond is for the use of the State of Nebraska and any Nebraska resident who may have claims or causes of action against the applicant, licensee, registrant, or a mortgage loan originator employed by or in an independent agent relationship with the applicant.
The Installment Loan Company Bond and Installment Sales Company Bond help guarantee that the licensee and individuals representing the licensee comply with the Nebraska Installment Loan Act or Nebraska Installment Loan and Sales Act and related rules. The bond may respond to loss or damage suffered by the State of Nebraska or a person dealing with the licensee due to a covered violation.
The bond must remain in effect during all periods of licensing or registration. The Department may also require a rider, replacement bond, new bond, or supplemental bond when the bond amount needs to be increased or when the existing bond is exhausted or inadequate.
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 Nebraska Mortgage and Lending Bond Claims
- Maintain continuous bond coverage for the correct Nebraska mortgage banker, installment loan, installment sales, MLO coverage, or supplemental bond requirement.
- Match the bond to the exact legal name, DBA, NMLS ID, license or registration type, branch count, and required bond amount.
- Use the correct Nebraska closed or serviced residential mortgage loan volume to determine the mortgage banker bond amount after reporting.
- Increase the mortgage banker bond within the required timeframe if the Department determines a higher bond is required.
- Increase installment loan or installment sales bond coverage when licensed branch locations require additional bond amount.
- Confirm whether MLOs are covered by the company bond or whether an installment loan supplemental bond is required.
- Do not conduct Nebraska mortgage banking, installment loan, or installment sales business without the correct license, registration, or exemption.
- Do not advertise or represent loan or credit terms in a misleading way.
- Do not charge unauthorized or prohibited fees.
- Maintain required books, records, mortgage reports of condition, mortgage call reports, renewals, servicing records, consumer disclosures, installment loan records, installment sales contracts, and complaint documentation.
- Keep company, branch, sponsorship, servicing, and MLO information current in NMLS and with the Department.
- Contact Jet before cancelling, replacing, or changing the bond.
Want to Know More About Mortgage Bond Processes?
Popular Mortgage License Bond Guides
Nebraska Mortgage License Bond FAQ
What Nebraska mortgage and lending bonds are covered on this page?
This page covers Nebraska Mortgage Banker Bonds, Mortgage Lender Bonds, Mortgage Broker Bonds, Mortgage Servicer Bonds, Installment Loan Company Bonds, Installment Sales Company Bonds, Installment Loan Supplemental Bonds, Mortgage Loan Originator bond coverage, supplemental mortgage banker bonds, and Mortgage Broker, Lender and/or Servicer Bonds.
What is the Nebraska Mortgage Banker Bond amount?
The Nebraska Mortgage Banker Bond starts at $100,000. After reporting, the required amount is $100,000, $125,000, $150,000, or $200,000 based on closed or serviced Nebraska residential mortgage loan volume in the preceding calendar year.
How much does a Nebraska Mortgage Banker Bond cost?
Jet pricing for a $100,000 Nebraska Mortgage Banker Bond is $499 for one year, $50 monthly, $873 for two years, or $1,248 for three years. Higher bond limits cost more.
What is the Nebraska Installment Loan Company Bond amount?
The Nebraska Installment Loan Company Bond starts at $50,000. The bond amount increases by an additional $50,000 for each licensed branch location when applicable.
How much does a Nebraska Installment Loan Company Bond cost?
Jet pricing for a $50,000 Nebraska Installment Loan Company Bond is $249 for one year, $25 monthly, $436 for two years, or $623 for three years. Higher limits cost more when licensed branch locations require additional bond coverage.
What is the Nebraska Installment Sales Company Bond amount?
The Nebraska Installment Sales Company Bond starts at $50,000. The bond amount increases by an additional $50,000 for each licensed branch location when applicable.
How much does a Nebraska Installment Sales Company Bond cost?
Jet pricing for a $50,000 Nebraska Installment Sales Company Bond is $249 for one year, $25 monthly, $436 for two years, or $623 for three years. Higher limits cost more when licensed branch locations require additional bond coverage.
When is the Nebraska Installment Loan Supplemental Bond required?
The $100,000 Installment Loan Supplemental Bond applies when an installment loan company employs or enters into independent agent agreements with individuals required to obtain a mortgage loan originator license under the Nebraska Residential Mortgage Licensing Act.
Does Nebraska have separate mortgage lender and mortgage broker bonds?
Nebraska generally regulates lender, broker, servicer, arranger, seller, and acquirer activity under the mortgage banker framework. The common bond is the Nebraska Mortgage Banker Bond, but you should always follow the exact title and amount shown on the NMLS checklist.
Does a Nebraska mortgage servicer need a bond?
Nebraska’s mortgage banker framework includes servicing residential mortgage loans, and the bond schedule is based on closed or serviced Nebraska residential mortgage loan volume.
Does a Nebraska mortgage loan originator need an individual bond?
The Nebraska Mortgage Banker Bond also covers mortgage loan originators who are employees or independent agents of the applicant, licensee, or registrant. Confirm the MLO’s sponsorship or agency relationship before purchasing separate coverage.
Can Nebraska require a mortgage banker bond higher than $200,000?
Yes. Nebraska allows the Director to require a new or supplemental bond if the existing bond is exhausted or inadequate. The new or supplemental bond may not exceed $1,000,000.
Are Nebraska mortgage and installment loan bonds filed through NMLS?
Nebraska accepts Electronic Surety Bonds through NMLS for Mortgage Banker Licenses and Mortgage Banker Registrations. Nebraska also uses NMLS for Installment Loan License applications and renewals. Follow the current Nebraska checklist for exact bond form, filing, and electronic surety bond requirements.
Who should I contact for Nebraska 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 Nebraska mortgage or lending license bond.
Get the Nebraska Bond Required for Your License
Start by choosing the Nebraska bond that matches your license, registration, company record, MLO coverage, branch count, closed or serviced Nebraska mortgage loan volume, installment loan or sales authority, supplemental bond requirement, or NMLS checklist. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.
Nebraska bond pricing starts at $249 for one year or $25 monthly for the $50,000 Installment Loan or Installment Sales Company Bond, and $499 for one year or $50 monthly for the $100,000 Mortgage Banker Bond.
Call: (855) 516-3348
Email: [email protected]