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North Dakota mortgage license surety bonds
North Dakota Mortgage License Bonds
North Dakota residential mortgage lenders, mortgage companies, mortgage loan originators, and residential mortgage loan servicers may need surety bond coverage for licensing with the North Dakota Department of Financial Institutions. Jet Insurance Company helps North Dakota mortgage professionals quote, purchase, renew, replace, and manage the bond required for their NMLS filing.
Use this page to compare North Dakota Residential Mortgage Lender, Mortgage Loan Originator coverage, Residential Mortgage Loan Servicer, and Mortgage Broker, Lender and/or Servicer bond requirements, view Jet pricing, and get filing support for your North Dakota mortgage license.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. North Dakota mortgage bond requirements can change. Confirm the final license type, bond amount, filing method, and NMLS or North Dakota Department of Financial Institutions checklist before filing.
North Dakota Mortgage Bond Quick Answers
Which bonds are covered?
This page covers North Dakota Residential Mortgage Lender Bonds, Mortgage Loan Originator Bond Coverage, Residential Mortgage Loan Servicer Bond alternatives, and Mortgage Broker, Lender and/or Servicer Bonds.
Who regulates these licenses?
The North Dakota Department of Financial Institutions regulates residential mortgage lenders, residential mortgage loan servicers, and mortgage loan originators.
What are common limits?
The Residential Mortgage Lender Bond is $50,000. Mortgage loan originators must be covered by a surety bond, commonly through the company bond. Certain servicers may use a $1,000,000 surety bond in lieu of tangible net worth.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your North Dakota Mortgage License Bond
The correct North Dakota mortgage bond depends on whether the company is applying as a residential mortgage lender, sponsoring mortgage loan originators, servicing residential mortgage loans, or using a servicer surety bond option in lieu of tangible net worth. North Dakota moved residential mortgage lender licensing out of the older Money Broker framework beginning August 1, 2023, and residential mortgage lender licensing is now handled through NMLS.
Residential Mortgage Lender Bond
For North Dakota residential mortgage lenders that arrange, provide, advertise, or solicit residential mortgage loans for North Dakota borrowers.
Bond limit: $50,000
Starting price: $249 for one year or $25 monthly.
Mortgage Loan Originator Bond Coverage
North Dakota requires each mortgage loan originator to be covered by a surety bond. If the MLO is an employee or exclusive agent of a person subject to the chapter, the company bond may be used instead of a separate MLO bond.
Common coverage: Covered by the licensed residential mortgage lender company bond
Company bond limit: $50,000 for residential mortgage lender licensees
Residential Mortgage Loan Servicer Bond
For North Dakota residential mortgage loan servicers that must satisfy financial condition requirements. Certain non-GSE servicers may maintain a $1,000,000 surety bond in lieu of tangible net worth.
Bond option: $1,000,000 in lieu of tangible net worth for eligible servicers
Starting price: $4,999 for one year using Jet’s standard mortgage bond pricing method.
Broker, Lender and/or Servicer Bond
For mortgage businesses whose NMLS checklist references broader North Dakota residential mortgage lending, mortgage company, MLO coverage, or servicing requirements.
Common limits: $50,000 for residential mortgage lender bond; $1,000,000 servicer bond option when applicable
Starting price: $249 for one year for the $50,000 lender bond.
Important: North Dakota’s current residential mortgage lender bond requirement is $50,000. The $1,000,000 residential mortgage loan servicer bond is not the standard lender bond; it is an alternative to tangible net worth for certain servicers under Chapter 13-13. Confirm the applicable NMLS checklist before ordering.
North Dakota 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 North Dakota Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $50,000 | Residential Mortgage Lender Bond and common company bond coverage for MLOs | $25 | $249 | $436 | $623 |
| $1,000,000 | Residential Mortgage Loan Servicer Bond option in lieu of tangible net worth, when applicable | $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, and license requirements. Large servicer or $1,000,000 bond options may require additional underwriting.
Get North Dakota Mortgage Bond Pricing
Start a quote online and select the North Dakota bond that matches your license or NMLS checklist. Jet can help confirm whether you need a Residential Mortgage Lender Bond, Mortgage Loan Originator coverage, Residential Mortgage Loan Servicer Bond option, or Mortgage Broker, Lender and/or Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
North Dakota Mortgage Bond Requirements
North Dakota requires a Residential Mortgage Lender License for companies that engage in residential mortgage lending for North Dakota borrowers, unless an exemption applies. Each residential mortgage lender licensee must maintain a surety bond in a form prescribed by the commissioner and in an amount not less than $50,000. Mortgage loan originators must also be covered by a surety bond, and the company bond may satisfy that requirement when the MLO is an employee or exclusive agent of the covered company.
| North Dakota License or Authority | Bond Amount | How the Amount Works | Quote |
|---|---|---|---|
| Residential Mortgage Lender | $50,000 | Each residential mortgage lender licensee must maintain a surety bond of not less than $50,000. | Get Quote |
| Mortgage Loan Originator Coverage | Covered through company bond when eligible | An employee or exclusive agent MLO may use the covered company’s bond in place of a separate individual MLO bond requirement. | Get Help |
| Residential Mortgage Loan Servicer | $1,000,000 bond option when applicable | Certain servicers that are not subject to GSE standards and have a portfolio of loans may maintain a $1,000,000 surety bond in lieu of tangible net worth. | Get Quote |
| Mortgage Broker, Lender and/or Servicer | $50,000 for residential mortgage lender bond; $1,000,000 servicer option when applicable | Use the residential mortgage lender requirement for lending or arranging loans and the servicer financial condition option if the servicer checklist requires or allows it. | Get Quote |
Filing note: North Dakota mortgage licensing is handled through NMLS. Confirm the exact bond amount, bond form, electronic surety bond status, servicer financial condition requirement, and filing instructions on the current North Dakota NMLS checklist before ordering or filing the bond.
North Dakota Mortgage Bond Amounts
North Dakota’s main residential mortgage lender bond is a fixed $50,000 amount. Mortgage loan originators are covered by a surety bond, commonly through the licensed company bond when the MLO is an employee or exclusive agent. Residential mortgage loan servicers should review the financial condition requirements to determine whether the $1,000,000 surety bond option applies.
| North Dakota Bond Type | Requirement | Required Bond Amount | Jet 1-Year Price |
|---|---|---|---|
| Residential Mortgage Lender Bond | Required for residential mortgage lender licensees | $50,000 | $249 |
| Mortgage Loan Originator Coverage | Covered by employer or exclusive agent company bond when eligible | Typically through the $50,000 company bond | Included with company bond coverage when applicable |
| Residential Mortgage Loan Servicer Bond Option | Optional alternative to tangible net worth for certain non-GSE servicers | $1,000,000 | $4,999 |
Servicer note: The $1,000,000 servicer bond is tied to financial condition requirements and is not the same as the standard $50,000 Residential Mortgage Lender Bond. Review the servicer NMLS checklist and Chapter 13-13 before selecting this option.
North Dakota Residential Mortgage Lender Bond
The North Dakota Residential Mortgage Lender Bond applies to companies that engage in residential mortgage lending for borrowers who reside in North Dakota. North Dakota defines residential mortgage lending to include arranging or providing residential mortgage loans as a form of financing, or advertising or soliciting the right to find lenders or provide residential mortgage loans.
License Type
North Dakota Residential Mortgage Lender License.
Bond Limit
$50,000.
Jet Pricing
$249 for one year, $25 monthly, $436 for two years, or $623 for three years.
Use this option when the North Dakota or NMLS checklist references residential mortgage lender authority, residential mortgage lending, arranging loans, providing loans, advertising mortgage lending, or the North Dakota Residential Mortgage Lender Bond.
North Dakota Mortgage Loan Originator Bond Coverage
North Dakota requires each mortgage loan originator to be covered by a surety bond. If the mortgage loan originator is an employee or exclusive agent of a person subject to the chapter, the company’s surety bond may be used in lieu of the mortgage loan originator’s individual surety bond requirement.
License Type
North Dakota Mortgage Loan Originator License.
How Coverage Works
Coverage is commonly provided through the licensed residential mortgage lender company bond when the MLO is an employee or exclusive agent.
Company Bond Limit
$50,000 for the Residential Mortgage Lender Bond.
Before ordering separate MLO coverage, confirm whether the MLO is covered under the licensed company’s North Dakota Residential Mortgage Lender Bond and sponsorship relationship.
North Dakota Residential Mortgage Loan Servicer Bond
North Dakota created a Residential Mortgage Loan Servicer License for companies that service residential mortgage loans when the borrower resides in North Dakota. Servicing includes collecting payments, collecting fees, working with borrowers and licensed lenders or servicers to modify terms, finalizing collection through foreclosure, and servicing reverse mortgage loans.
For certain servicers not subject to government-sponsored enterprise standards, North Dakota allows a $1,000,000 surety bond in lieu of maintaining the required tangible net worth. This is a financial condition alternative, not the standard $50,000 residential mortgage lender bond.
License Type
North Dakota Residential Mortgage Loan Servicer License.
Bond Option
$1,000,000 surety bond in lieu of tangible net worth for certain servicers.
Starting Price
$4,999 for one year using Jet’s standard mortgage bond pricing method.
Use this option when the North Dakota servicer checklist or Chapter 13-13 financial condition requirement allows or requires a surety bond instead of tangible net worth.
Get North Dakota Residential Mortgage Loan Servicer Bond Quote
North Dakota Money Broker Transition Note
North Dakota’s 2023 transition notice explained that companies engaging in residential mortgage lending were moving from the older Money Broker License framework to the new Residential Mortgage Lender License beginning August 1, 2023. The notice also stated that the company surety bond amount would remain $50,000, but a new electronic bond would be needed when requesting transition through NMLS.
Old Framework
Residential mortgage lenders were previously regulated under the North Dakota Money Brokers Act.
Current Framework
Residential mortgage lenders use the North Dakota Residential Mortgage Lender License through NMLS.
Bond Amount
The company bond amount for the residential mortgage lender transition was $50,000.
If your checklist still references a Money Broker Bond or legacy residential money broker language, confirm with North Dakota DFI whether the current Residential Mortgage Lender Bond is the correct filing.
North Dakota Mortgage Broker, Lender and/or Servicer Bond
The North Dakota Mortgage Broker, Lender and/or Servicer Bond option is for mortgage businesses whose NMLS or DFI requirement references broader residential mortgage authority. North Dakota uses the Residential Mortgage Lender License for residential mortgage lending activity and the Residential Mortgage Loan Servicer License for servicing activity.
Authority Type
North Dakota residential mortgage lender, mortgage company, MLO sponsor, or residential mortgage loan servicer authority.
Common Bond Limits
$50,000 for Residential Mortgage Lender Bond; $1,000,000 servicer bond option when applicable.
Starting Price
$249 for one year for the $50,000 Residential Mortgage Lender Bond.
Use this option when the North Dakota or NMLS requirement references mortgage broker, mortgage lender, residential mortgage lender, MLO coverage, residential mortgage servicer, or combined mortgage activity rather than a narrower bond title.
North Dakota Mortgage Bond Comparison
North Dakota mortgage bond requirements depend on the license type, whether the company sponsors MLOs, and whether the residential mortgage loan servicer financial condition requirements apply.
| Requirement | Regulator | Bond Amount | Main Filing Point |
|---|---|---|---|
| Residential Mortgage Lender Bond | North Dakota Department of Financial Institutions | $50,000 | NMLS company license record |
| Mortgage Loan Originator Coverage | North Dakota Department of Financial Institutions | Covered through company bond when eligible | NMLS MLO license and sponsorship record |
| Residential Mortgage Loan Servicer Bond Option | North Dakota Department of Financial Institutions | $1,000,000 in lieu of tangible net worth for certain servicers | NMLS servicer license record or DFI financial condition filing |
| Mortgage Broker, Lender and/or Servicer Bond | North Dakota Department of Financial Institutions | $50,000 lender bond or $1,000,000 servicer option depending on activity | NMLS company license record |
How North Dakota Mortgage Bond Quotes Work
1
Confirm the North Dakota License
Identify whether the NMLS checklist references Residential Mortgage Lender, Residential Mortgage Loan Servicer, Mortgage Loan Originator coverage, or a legacy Money Broker transition issue.
2
Confirm the Bond Amount
Use $50,000 for the Residential Mortgage Lender Bond. For servicers, confirm whether the $1,000,000 surety bond option in lieu of tangible net worth applies.
3
Buy and File
After purchase, Jet provides the bond or filing guidance based on the current North Dakota, DFI, and NMLS process.
Need a North Dakota Mortgage License Bond?
Jet can help you choose the correct North Dakota Residential Mortgage Lender Bond, Mortgage Loan Originator coverage, Residential Mortgage Loan Servicer Bond option, or Mortgage Broker, Lender and/or Servicer Bond, review pricing, and get the bond issued for licensing or financial condition compliance.
North Dakota mortgage bond pricing starts at $249 for one year for the $50,000 Residential Mortgage Lender Bond. The $1,000,000 residential mortgage loan servicer bond option is available with underwriting approval when applicable.
Questions? Call (855) 516-3348 or email [email protected].
How Are North Dakota Mortgage Bonds Filed?
North Dakota mortgage licensing is handled through NMLS. The bond should match the company’s legal name, NMLS ID, license type, bond amount, and effective date. The North Dakota Department of Financial Institutions should be treated as the regulator, and the bond must be completed in the form prescribed by the commissioner.
Jet can provide the required bond document or electronic filing guidance after purchase. Before ordering, confirm the company legal name, NMLS ID, license type, bond amount, effective date, MLO sponsorship status, 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, North Dakota license record, and required bond amount.
MLO Coverage
Confirm whether MLOs are covered by the licensed company bond before purchasing separate coverage.
Servicer Bond Option
Confirm whether the $1,000,000 servicer surety bond option applies before selecting the servicer bond.
North Dakota Mortgage Bond Renewals, Changes, and Cancellations
Renewing Your Bond
North Dakota residential mortgage lender and residential mortgage loan servicer licenses expire annually on December 31 unless renewed. Review the bond before renewal to confirm the legal name, NMLS ID, license type, bond amount, MLO coverage, servicer status, and filing record remain correct.
Changing the Bond
A bond change may be needed when the company changes its legal name, DBA, NMLS ID, license authority, MLO sponsorship structure, servicer financial condition option, or required bond amount.
Cancelling or Replacing Your Bond
Do not cancel a required North Dakota mortgage bond until replacement coverage is accepted or the license no longer requires coverage. A bond gap can create licensing and NMLS problems.
What Does a North Dakota Mortgage License Bond Cover?
A North Dakota mortgage license bond is designed to protect the public and support regulatory compliance, not to insure the bonded mortgage company. The Residential Mortgage Lender Bond helps guarantee that the licensee will comply with North Dakota residential mortgage lending law and maintain the required bond coverage while licensed.
Mortgage loan originator bond coverage helps protect the public from covered violations by MLOs. When the MLO is an employee or exclusive agent of a covered company, the company bond may be used in place of the MLO’s separate bond requirement.
The residential mortgage loan servicer bond option is tied to financial condition requirements for certain servicers. It can be used in lieu of tangible net worth when Chapter 13-13 allows that option.
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 North Dakota Mortgage Bond Claims
- Maintain continuous bond coverage for the correct North Dakota residential mortgage lender, MLO coverage, or residential mortgage loan servicer requirement.
- Match the bond to the exact legal name, DBA, NMLS ID, license type, and required bond amount.
- Use the $50,000 Residential Mortgage Lender Bond for current residential mortgage lender licensing unless the NMLS checklist requires otherwise.
- Confirm whether MLOs are covered by the company bond before purchasing separate coverage.
- Confirm whether the $1,000,000 residential mortgage loan servicer bond option applies before relying on it in place of tangible net worth.
- Do not conduct North Dakota residential mortgage lending or residential mortgage loan servicing without the correct license or exemption.
- Do not advertise or represent mortgage loan terms in a misleading way.
- Do not collect improper advance fees or unauthorized charges.
- Maintain required books, records, mortgage call reports, renewals, consumer disclosures, and servicing records.
- Keep company, branch, sponsorship, servicer, 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
North Dakota Mortgage License Bond FAQ
What North Dakota mortgage bonds are covered on this page?
This page covers North Dakota Residential Mortgage Lender Bonds, Mortgage Loan Originator bond coverage, Residential Mortgage Loan Servicer bond options, and Mortgage Broker, Lender and/or Servicer Bonds.
What is the North Dakota Residential Mortgage Lender Bond amount?
The North Dakota Residential Mortgage Lender Bond amount is $50,000.
How much does a North Dakota Residential Mortgage Lender Bond cost?
Jet pricing for a $50,000 North Dakota Residential Mortgage Lender Bond is $249 for one year, $25 monthly, $436 for two years, or $623 for three years.
Does North Dakota still use a Money Broker Bond for residential mortgage lending?
North Dakota created a new Residential Mortgage Lender License effective August 1, 2023. Residential mortgage lenders transitioned from the older Money Broker framework to the Residential Mortgage Lender License through NMLS. If your checklist still references money broker language, confirm with DFI whether the current Residential Mortgage Lender Bond is required.
Does a North Dakota mortgage loan originator need an individual bond?
North Dakota requires each mortgage loan originator to be covered by a surety bond. If the MLO is an employee or exclusive agent of a covered company, the company bond may be used in place of the MLO’s individual bond requirement.
What is the North Dakota Residential Mortgage Loan Servicer Bond amount?
North Dakota’s residential mortgage loan servicer statute allows certain servicers to maintain a $1,000,000 surety bond in lieu of tangible net worth. Confirm the NMLS checklist and Chapter 13-13 financial condition requirement before ordering this bond.
How much does a $1,000,000 North Dakota Residential Mortgage Loan Servicer Bond cost?
Using Jet’s standard mortgage bond pricing method, the $1,000,000 bond is $4,999 for one year, $500 monthly, $8,748 for two years, or $12,498 for three years. Final pricing is subject to underwriting approval.
Are North Dakota mortgage bonds filed through NMLS?
North Dakota residential mortgage lender and residential mortgage loan servicer licensing is handled through NMLS. Follow the current North Dakota NMLS checklist for exact bond form, filing, and electronic surety bond requirements.
Who should I contact for North Dakota 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 North Dakota mortgage license bond.
Get the North Dakota Mortgage Bond Required for Your License
Start by choosing the North Dakota bond that matches your license, company record, MLO coverage, residential mortgage lender authority, residential mortgage loan servicer status, or NMLS requirement. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.
North Dakota mortgage bond pricing starts at $249 for one year for the $50,000 Residential Mortgage Lender Bond. The $1,000,000 residential mortgage loan servicer bond option is available with underwriting approval when applicable.
Call: (855) 516-3348
Email: [email protected]