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Pennsylvania mortgage and debt settlement surety bonds
Pennsylvania Mortgage License Bonds
Pennsylvania mortgage lenders, mortgage brokers, mortgage loan originators, mortgage servicers, sponsor companies, partially exempt mortgage companies, mortgage consumer discount companies, debt settlement providers, and related financial services businesses may need surety bond coverage for licensing or sponsorship with the Pennsylvania Department of Banking and Securities. Jet Insurance Company helps Pennsylvania mortgage and financial services professionals quote, purchase, renew, replace, and manage the bond required for their Pennsylvania license or NMLS filing.
Use this page to compare Pennsylvania Mortgage Lender, Mortgage Broker, Sponsor of Mortgage Originators, Mortgage Loan Originator, Mortgage Servicer, Partially Exempt Mortgage Company, Mortgage Consumer Discount Company, Mortgage Loan Correspondent, Debt Settlement License, and Mortgage Broker, Lender and/or Servicer bond requirements, view Jet pricing, and get filing support.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. Pennsylvania mortgage and debt settlement bond requirements can change. Confirm the final license type, sponsorship status, bond amount, filing method, NMLS record, Pennsylvania loan volume, and Pennsylvania Department of Banking and Securities checklist before filing.
Pennsylvania Mortgage Bond Quick Answers
Which bonds are covered?
This page covers Pennsylvania Mortgage Lender Bonds, Mortgage Broker Bonds, Sponsor of Mortgage Originators Bonds, Mortgage Loan Originator Bonds, Mortgage Servicer Bonds, Partially Exempt Mortgage Company Bonds, Mortgage Consumer Discount Company MLO Coverage, Mortgage Loan Correspondent Bond guidance, Debt Settlement Bonds, and Mortgage Broker, Lender and/or Servicer Bonds.
Who regulates these licenses?
The Pennsylvania Department of Banking and Securities regulates nonbank mortgage brokers, mortgage originators, mortgage lenders, mortgage servicers, debt settlement companies, and related nondepository licensees.
What are the common limits?
Mortgage lender sponsor bonds range from $100,000 to $500,000, mortgage broker sponsor bonds range from $50,000 to $150,000, mortgage originator bonds range from $25,000 to $150,000, servicer bonds are $500,000, and debt settlement bonds are $25,000.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your Pennsylvania Mortgage License Bond
The correct Pennsylvania bond depends on whether the business is licensed as a mortgage lender, mortgage broker, mortgage servicer, debt settlement provider, or whether mortgage originators are covered by a sponsor bond or need individual coverage. Pennsylvania uses NMLS for many mortgage and nonbank license filings and ties many mortgage bond amounts to the amount of mortgage loans secured by Pennsylvania dwellings or residential real estate that are originated in a calendar year.
Mortgage Lender Bond
For Pennsylvania mortgage lenders that sponsor mortgage originators and originate mortgage loans secured by Pennsylvania dwellings or residential real estate.
Bond limits: $100,000 to $500,000
Amount basis: Pennsylvania mortgage loans originated by sponsored mortgage originators
Starting price: $499 for one year or $50 monthly for the $100,000 bond.
Mortgage Broker Bond
For Pennsylvania mortgage brokers. Brokers that accept advance fees must maintain a $100,000 advance-fee bond. Mortgage brokers that sponsor mortgage originators must also maintain sponsor bond coverage.
Advance-fee bond: $100,000 if accepting advance fees
Sponsor bond limits: $50,000 to $150,000 based on sponsored originator PA loan volume
Starting price: $249 for one year or $25 monthly for the $50,000 sponsor bond.
Sponsor of Mortgage Originators Bond
For Pennsylvania mortgage lenders, mortgage brokers, partially exempt mortgage companies, mortgage consumer discount companies, or other eligible sponsors that cover mortgage originators under a company bond.
Bond limits: $50,000 to $500,000 depending on sponsor type and PA loan volume
Amount basis: Pennsylvania mortgage loans originated by sponsored mortgage originators
Mortgage Loan Originator Bond
For Pennsylvania mortgage originators employed by or under the direct supervision and control of an excepted person that does not elect to maintain bond coverage for its mortgage originators.
Bond limits: $25,000 to $150,000
Amount basis: Pennsylvania mortgage loans originated by the individual mortgage originator
Starting price: $125 for one year or $13 monthly for the $25,000 bond.
Mortgage Loan Correspondent Bond
For Pennsylvania mortgage businesses reviewing older forms, legacy filings, or historical mortgage loan correspondent requirements.
Current status: Mortgage loan correspondent language was removed from parts of Pennsylvania mortgage law by 2022 amendments.
Current filing path: Confirm whether the active license requirement is now Mortgage Lender, Mortgage Broker, Sponsor of Mortgage Originators, or another current NMLS license.
Mortgage Servicer Bond
For Pennsylvania mortgage servicers licensed under the Pennsylvania Mortgage Licensing Act.
Bond limit: $500,000
Additional requirements: Minimum net worth and fidelity bond coverage may also apply
Starting price: $2,499 for one year or $250 monthly for the $500,000 bond.
Debt Settlement License Bond
For Pennsylvania debt settlement providers that market, solicit, offer to provide, or provide debt settlement services for a fee or other consideration to Pennsylvania residents.
Bond limit: $25,000
Bond type: Penal bond conditioned on compliance with the Pennsylvania Debt Settlement Services Act
Starting price: $125 for one year or $13 monthly for the $25,000 bond.
Partially Exempt Mortgage Company Bond
For Pennsylvania partially exempt mortgage companies or excepted entities that sponsor mortgage originators and choose to maintain company bond coverage for those originators.
Common bond title: Sponsor of Mortgage Originators Bond
Common limits: $100,000 to $500,000 when using the lender-style sponsor schedule; confirm the current checklist
Starting price: $499 for one year for a $100,000 sponsor bond.
Mortgage Consumer Discount Company MLO Coverage
For Pennsylvania mortgage consumer discount companies that sponsor mortgage originators and need bond coverage for sponsored MLO activity.
Common bond title: Sponsor of Mortgage Originators Bond
Common limits: $100,000 to $500,000 when using the lender-style sponsor schedule; confirm the current checklist
Starting price: $499 for one year for a $100,000 sponsor bond.
Broker, Lender and/or Servicer Bond
For businesses whose Pennsylvania or NMLS requirement references broader mortgage broker, mortgage lender, mortgage servicer, sponsor, MLO, correspondent, or exempt company coverage.
Common limits: $25,000 to $500,000 depending on license type and Pennsylvania loan volume
Starting price: $125 for one year for a $25,000 individual MLO or debt settlement bond, or $249 for one year for a $50,000 sponsor bond.
Important: Pennsylvania has multiple mortgage and financial services bond types. Mortgage lender sponsor bonds, mortgage broker advance-fee bonds, mortgage broker sponsor bonds, individual mortgage originator bonds, mortgage servicer bonds, debt settlement bonds, and legacy mortgage loan correspondent filings are different requirements. Confirm the exact bond title, bond form, sponsor status, Pennsylvania loan volume, and NMLS checklist before ordering.
Pennsylvania 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 Pennsylvania Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $25,000 | Individual Mortgage Originator Bond lowest tier or Debt Settlement License Bond | $13 | $125 | $219 | $313 |
| $50,000 | Mortgage Broker Sponsor Bond or individual MLO tier | $25 | $249 | $436 | $623 |
| $75,000 | Mortgage Broker Sponsor Bond or individual MLO tier | $38 | $375 | $656 | $938 |
| $100,000 | Mortgage Lender Sponsor Bond, Mortgage Broker Advance-Fee Bond, Mortgage Broker Sponsor Bond, or MLO tier | $50 | $499 | $873 | $1,248 |
| $150,000 | Mortgage Broker Sponsor Bond or individual MLO highest tier | $75 | $749 | $1,311 | $1,873 |
| $200,000 | Mortgage Lender Sponsor Bond tier | $100 | $999 | $1,748 | $2,498 |
| $300,000 | Mortgage Lender Sponsor Bond tier | $150 | $1,499 | $2,623 | $3,748 |
| $500,000 | Highest Mortgage Lender Sponsor Bond tier or Mortgage Servicer Bond | $250 | $2,499 | $4,373 | $6,248 |
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, sponsorship status, Pennsylvania loan volume, NMLS filing status, and Pennsylvania Department of Banking and Securities requirements.
Get Pennsylvania Mortgage Bond Pricing
Start a quote online and select the Pennsylvania bond that matches your license or NMLS checklist. Jet can help confirm whether you need a Mortgage Lender Bond, Mortgage Broker Bond, Sponsor of Mortgage Originators Bond, Mortgage Loan Originator Bond, Mortgage Loan Correspondent Bond guidance, Mortgage Servicer Bond, Debt Settlement Bond, Partially Exempt Mortgage Company Bond, Mortgage Consumer Discount Company MLO coverage, or Mortgage Broker, Lender and/or Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
Pennsylvania Mortgage Bond Requirements
Pennsylvania mortgage license applications are handled through NMLS. The Pennsylvania Mortgage Licensing Act requires different bonds depending on whether the applicant is a mortgage lender, mortgage broker, mortgage servicer, mortgage originator, or sponsor of mortgage originators.
Mortgage lender sponsor bond amounts are based on mortgage loans secured by Pennsylvania dwellings or residential real estate originated by the lender’s sponsored mortgage originators in a calendar year. Mortgage broker sponsor bond amounts are based on the broker’s sponsored mortgage originator Pennsylvania loan volume. Individual mortgage originator bonds apply when an excepted person does not elect to maintain bond coverage for its mortgage originators.
Pennsylvania debt settlement providers must obtain a Debt Settlement License before marketing, soliciting, offering, or providing debt settlement services for a fee or other consideration to Pennsylvania residents. The application must include a $25,000 penal bond that runs to the Commonwealth for its use and benefits consumers injured by violations of the Debt Settlement Services Act.
| Pennsylvania License or Authority | Bond Amount | How the Requirement Works | Quote |
|---|---|---|---|
| Mortgage Lender | $100,000 to $500,000 | Based on Pennsylvania mortgage loan volume originated by sponsored mortgage originators. | Get Quote |
| Mortgage Broker Advance-Fee Bond | $100,000 | Required for mortgage brokers that accept advance fees. Brokers that demonstrate they do not and will not accept advance fees may be exempt from this advance-fee bond. | Get Quote |
| Mortgage Broker Sponsor Bond | $50,000 to $150,000 | Required when a mortgage broker sponsors mortgage originators; amount is based on sponsored originator Pennsylvania loan volume. | Get Quote |
| Sponsor of Mortgage Originators Bond | $50,000 to $500,000 | Amount depends on sponsor type and Pennsylvania loan volume. Mortgage brokers use the $50,000 to $150,000 sponsor schedule; lenders and some excepted sponsors commonly use the $100,000 to $500,000 lender-style schedule. | Get Quote |
| Mortgage Loan Originator | $25,000 to $150,000 | Required for an MLO employed by or under the direct supervision and control of an excepted person if the excepted person does not maintain bond coverage for its MLOs. | Get Quote |
| Mortgage Loan Correspondent | Confirm current NMLS checklist | Mortgage loan correspondent language has been removed from parts of Pennsylvania mortgage law. If a legacy form or old checklist references this license, confirm whether the current active authority is Mortgage Lender, Mortgage Broker, Sponsor of Mortgage Originators, or another Pennsylvania license. | Get Help |
| Mortgage Servicer | $500,000 | Required for Pennsylvania mortgage servicer licensure, along with applicable net worth and fidelity bond requirements. | Get Quote |
| Debt Settlement License | $25,000 | Required before a provider may offer or provide debt settlement services for a fee to Pennsylvania residents. The bond must be held directly by the licensee and be in a form acceptable to the Department. | Get Quote |
| Partially Exempt Mortgage Company | Commonly $100,000 to $500,000 when sponsoring MLOs | Confirm the current NMLS checklist. Partially exempt or excepted entities that sponsor MLOs may use sponsor bond coverage instead of having MLOs obtain individual bonds. | Get Help |
| Mortgage Consumer Discount Company MLO Coverage | Commonly $100,000 to $500,000 when sponsoring MLOs | Confirm the current NMLS checklist. Mortgage consumer discount companies that sponsor MLOs may need sponsor bond coverage for those MLOs. | Get Help |
| Mortgage Broker, Lender and/or Servicer | $25,000 to $500,000 depending on license type | Use the lender schedule for mortgage lender sponsor coverage, broker schedule for mortgage broker and broker sponsor coverage, MLO schedule for individual MLO coverage, $500,000 for mortgage servicer coverage, and $25,000 for debt settlement coverage. | Get Quote |
Filing note: Pennsylvania mortgage and debt settlement licenses are maintained through NMLS or Department filing systems depending on the license. Confirm the exact bond form, legal name, NMLS ID, license type, sponsorship status, Pennsylvania loan volume, bond amount, and Department filing instructions before ordering or filing the bond.
Pennsylvania Mortgage Bond Amounts
Pennsylvania has separate bond schedules for mortgage lenders, mortgage brokers, mortgage originators, mortgage servicers, and debt settlement providers. The correct bond amount depends on sponsor status, Pennsylvania loan volume, and whether the bond is covering a company, sponsored originators, an individual MLO, a servicer license, or a debt settlement license.
Mortgage Lender Sponsor Bond Amounts
| PA Loans Originated by Sponsored Mortgage Originators | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| Less than $30,000,000 | $100,000 | $50 | $499 |
| $30,000,000 to $99,999,999.99 | $200,000 | $100 | $999 |
| $100,000,000 to $249,999,999.99 | $300,000 | $150 | $1,499 |
| $250,000,000 or more | $500,000 | $250 | $2,499 |
Mortgage Broker Sponsor Bond Amounts
| PA Loans Originated by Sponsored Mortgage Originators | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| Less than $15,000,000 | $50,000 | $25 | $249 |
| $15,000,000 to $29,999,999.99 | $75,000 | $38 | $375 |
| $30,000,000 to $49,999,999.99 | $100,000 | $50 | $499 |
| $50,000,000 or more | $150,000 | $75 | $749 |
Individual Mortgage Originator Bond Amounts
| PA Loans Originated by Individual Mortgage Originator | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| Less than $7,500,000 | $25,000 | $13 | $125 |
| $7,500,000 to $14,999,999.99 | $50,000 | $25 | $249 |
| $15,000,000 to $29,999,999.99 | $75,000 | $38 | $375 |
| $30,000,000 to $49,999,999.99 | $100,000 | $50 | $499 |
| $50,000,000 or more | $150,000 | $75 | $749 |
Fixed Pennsylvania Mortgage and Debt Settlement Bond Amounts
| Pennsylvania Requirement | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| Debt Settlement License Bond | $25,000 | $13 | $125 |
| Mortgage Broker Advance-Fee Bond | $100,000 | $50 | $499 |
| Mortgage Servicer Bond | $500,000 | $250 | $2,499 |
| Mortgage Loan Correspondent Bond | Confirm current active license/checklist | Varies | Varies |
Initial and renewal note: For initial applicants, Pennsylvania mortgage bond amounts are based on anticipated Pennsylvania mortgage loan volume for the first calendar year of licensing. For existing licensees, the Department determines the amount annually based on Pennsylvania loan volume reported in periodic reports. Debt settlement providers must maintain the $25,000 penal bond required by the Debt Settlement Services Act.
Pennsylvania Mortgage Lender Bond
The Pennsylvania Mortgage Lender Bond applies to mortgage lenders licensed under the Pennsylvania Mortgage Licensing Act. A mortgage lender must maintain a surety bond that provides coverage for the mortgage originators sponsored by the applicant or licensee.
License Type
Pennsylvania Mortgage Lender License.
Bond Limits
$100,000 to $500,000 based on Pennsylvania mortgage loan volume originated by sponsored mortgage originators.
Starting Price
$499 for one year or $50 monthly for the $100,000 bond.
Use this option when the Pennsylvania or NMLS checklist references mortgage lender authority, mortgage lending activity, sponsored mortgage originator coverage, or a Pennsylvania Mortgage Lender Bond.
Pennsylvania Mortgage Broker Bond
The Pennsylvania Mortgage Broker Bond can involve two separate bond questions. First, a mortgage broker that accepts advance fees must maintain a $100,000 bond for advance fees and related costs. Second, a mortgage broker that sponsors mortgage originators must maintain a sponsor bond ranging from $50,000 to $150,000 based on Pennsylvania loan volume originated by sponsored mortgage originators.
License Type
Pennsylvania Mortgage Broker License.
Advance-Fee Bond
$100,000 if the broker accepts advance fees; brokers that do not and will not accept advance fees may be exempt from that bond.
Sponsor Bond Limits
$50,000 to $150,000 when the broker sponsors mortgage originators.
Use this option when the Pennsylvania or NMLS checklist references mortgage broker authority, broker advance fees, sponsored mortgage originators, or a Pennsylvania Mortgage Broker Bond.
Pennsylvania Sponsor of Mortgage Originators Bond
The Pennsylvania Sponsor of Mortgage Originators Bond applies when a Pennsylvania licensee or eligible sponsor covers sponsored mortgage originators under a company bond. The bond amount depends on the sponsor type and the Pennsylvania loan volume originated by sponsored mortgage originators.
Coverage Type
Company bond coverage for sponsored Pennsylvania mortgage originators.
Bond Limits
$50,000 to $150,000 for mortgage broker sponsors; $100,000 to $500,000 for mortgage lender-style sponsor coverage.
Starting Price
$249 for one year for a $50,000 broker sponsor bond or $499 for one year for a $100,000 lender-style sponsor bond.
Use this option when the Pennsylvania or NMLS checklist references Sponsor of Mortgage Originators, MLO sponsor coverage, company MLO bond coverage, partially exempt mortgage company coverage, or mortgage consumer discount company MLO coverage.
Pennsylvania Mortgage Loan Originator Bond
The Pennsylvania Mortgage Loan Originator Bond applies when a mortgage originator is employed by or under the direct supervision and control of an excepted person that does not elect to maintain bond coverage for its mortgage originators. The individual bond amount is based on Pennsylvania mortgage loans originated by the mortgage originator in a calendar year.
License Type
Pennsylvania Mortgage Originator License.
Bond Limits
$25,000 to $150,000 based on the individual originator’s Pennsylvania loan volume.
Starting Price
$125 for one year or $13 monthly for the $25,000 bond.
Before ordering an individual MLO bond, confirm whether the sponsoring licensee or excepted person already maintains bond coverage for the mortgage originator.
Pennsylvania Mortgage Loan Correspondent Bond
Pennsylvania mortgage loan correspondent was historically used as a mortgage license category, but 2022 amendments removed mortgage loan correspondent language from parts of Pennsylvania mortgage law. Because of that change, a business reviewing older forms, old bond records, or a legacy mortgage loan correspondent requirement should confirm the current active license path before ordering a new bond.
In many cases, the current filing may need to be evaluated as a Pennsylvania Mortgage Lender License, Mortgage Broker License, Sponsor of Mortgage Originators Bond, or another current Department/NMLS license type rather than a separate Mortgage Loan Correspondent Bond.
License Type
Legacy or historical Pennsylvania Mortgage Loan Correspondent reference.
Current Bond Handling
Confirm the current Pennsylvania NMLS checklist or Department instructions before ordering. A lender, broker, or sponsor bond may now apply instead.
Jet Help
Jet can review the requested bond title, bond form, license name, and NMLS checklist to help identify the current active bond requirement.
Use this option when the Pennsylvania or NMLS record references Mortgage Loan Correspondent, an older correspondent bond form, legacy correspondent authority, or a transition from correspondent authority to another active Pennsylvania license.
Pennsylvania Mortgage Servicer Bond
The Pennsylvania Mortgage Servicer Bond applies to mortgage servicers licensed under the Pennsylvania Mortgage Licensing Act. Pennsylvania requires a $500,000 surety bond for mortgage servicer licensing, and the bond must be in a form acceptable to the Department from a surety company authorized to do business in Pennsylvania.
License Type
Pennsylvania Mortgage Servicer License.
Bond Limit
$500,000.
Jet Pricing
$2,499 for one year, $250 monthly, $4,373 for two years, or $6,248 for three years.
Use this option when the Pennsylvania or NMLS checklist references mortgage servicer authority, mortgage loan servicing, or a Pennsylvania Mortgage Servicer Bond.
Pennsylvania Debt Settlement License Bond
The Pennsylvania Debt Settlement License Bond applies to providers that market, solicit, offer to provide, or provide debt settlement services for a fee or other consideration to an individual who resides in Pennsylvania. The Debt Settlement Services Act requires the license application to include a bond that complies with Section 305.
Section 305 requires a $25,000 bond from a surety company authorized to do business in Pennsylvania. The licensee must hold the bond directly, the bond must be in a form acceptable to the Department, and the bond must be conditioned on compliance with the Debt Settlement Services Act.
License Type
Pennsylvania Debt Settlement Services License.
Bond Limit
$25,000.
Jet Pricing
$125 for one year, $13 monthly, $219 for two years, or $313 for three years.
Use this option when the Pennsylvania or NMLS checklist references Debt Settlement License, Debt Settlement Services Act, debt settlement provider, debt settlement services, or a Pennsylvania Debt Settlement Bond.
Pennsylvania Partially Exempt Mortgage Company Bond
The Pennsylvania Partially Exempt Mortgage Company Bond is commonly tied to sponsor coverage for mortgage originators. If a partially exempt or excepted entity sponsors mortgage originators and elects to maintain bond coverage, the company may use a Sponsor of Mortgage Originators Bond rather than having each covered mortgage originator obtain an individual bond.
Registration or Exemption Type
Pennsylvania partially exempt mortgage company or excepted entity with MLO sponsorship.
Common Bond Limits
Commonly $100,000 to $500,000 when using the lender-style sponsor schedule; confirm current checklist.
Starting Price
$499 for one year for a $100,000 sponsor bond.
Use this option when the Pennsylvania or NMLS checklist references Partially Exempt Mortgage Company, exempt company MLO sponsorship, Sponsor of Mortgage Originators Bond, or MLO coverage by an excepted person.
Pennsylvania Mortgage Consumer Discount Company MLO Coverage
A Pennsylvania mortgage consumer discount company that sponsors mortgage originators may need sponsor bond coverage for those originators. This coverage is commonly handled through the Sponsor of Mortgage Originators Bond, with the amount based on Pennsylvania loan volume originated by sponsored mortgage originators.
License or Coverage Type
Mortgage consumer discount company sponsoring mortgage originators.
Common Bond Limits
Commonly $100,000 to $500,000 when using the lender-style sponsor schedule; confirm current checklist.
Starting Price
$499 for one year for a $100,000 sponsor bond.
Use this option when the Pennsylvania or NMLS checklist references Mortgage Consumer Discount Company, consumer discount mortgage activity, sponsored mortgage originators, or Sponsor of Mortgage Originators coverage.
Pennsylvania Mortgage Broker, Lender and/or Servicer Bond
The Pennsylvania Mortgage Broker, Lender and/or Servicer Bond option is for mortgage businesses whose NMLS or Pennsylvania requirement references broader mortgage authority, including mortgage lender, mortgage broker, mortgage servicer, sponsored mortgage originator, mortgage loan correspondent, partially exempt mortgage company, mortgage consumer discount company, debt settlement provider, or individual mortgage originator coverage.
Authority Type
Pennsylvania mortgage lender, mortgage broker, mortgage servicer, sponsor of mortgage originators, mortgage loan correspondent, debt settlement provider, partially exempt mortgage company, mortgage consumer discount company, or MLO coverage.
Common Bond Limits
$25,000 to $500,000 depending on license type, sponsorship, and Pennsylvania loan volume.
Starting Price
$125 for one year for a $25,000 individual MLO or debt settlement bond, or $249 for one year for a $50,000 broker sponsor bond.
Use this option when the Pennsylvania or NMLS requirement references mortgage broker, mortgage lender, mortgage servicer, MLO coverage, sponsor coverage, debt settlement, or combined mortgage activity rather than a narrower bond title.
Pennsylvania Mortgage Bond Comparison
Pennsylvania mortgage and debt settlement bond requirements depend on the license type, whether advance fees are accepted, whether mortgage originators are sponsored, whether an excepted person provides bond coverage, whether the license is a current active mortgage license or legacy correspondent reference, and the Pennsylvania loan volume used to calculate the applicable bond amount.
| Requirement | Regulator | Bond Amount | Main Filing Point |
|---|---|---|---|
| Mortgage Lender Sponsor Bond | Pennsylvania Department of Banking and Securities | $100,000 to $500,000 based on PA sponsored originator loan volume | NMLS company license record |
| Mortgage Broker Advance-Fee Bond | Pennsylvania Department of Banking and Securities | $100,000 if accepting advance fees | NMLS company license record |
| Mortgage Broker Sponsor Bond | Pennsylvania Department of Banking and Securities | $50,000 to $150,000 based on PA sponsored originator loan volume | NMLS company license record |
| Individual Mortgage Originator Bond | Pennsylvania Department of Banking and Securities | $25,000 to $150,000 based on individual PA origination volume | NMLS MLO license record and Department bond form |
| Mortgage Loan Correspondent Bond | Pennsylvania Department of Banking and Securities | Confirm current active license or checklist | Legacy records or current NMLS checklist review |
| Mortgage Servicer Bond | Pennsylvania Department of Banking and Securities | $500,000 | NMLS mortgage servicer license record |
| Debt Settlement Bond | Pennsylvania Department of Banking and Securities | $25,000 | NMLS or Department debt settlement license filing |
| Partially Exempt Mortgage Company or Mortgage Consumer Discount Company MLO Coverage | Pennsylvania Department of Banking and Securities | Commonly $100,000 to $500,000 when using lender-style sponsor coverage; confirm checklist | NMLS sponsor or company record |
How Pennsylvania Mortgage Bond Quotes Work
1
Confirm the Pennsylvania License
Identify whether the checklist references Mortgage Lender, Mortgage Broker, Sponsor of Mortgage Originators, Mortgage Originator, Mortgage Loan Correspondent, Mortgage Servicer, Debt Settlement, Partially Exempt Mortgage Company, Mortgage Consumer Discount Company, or another Pennsylvania requirement.
2
Confirm the Bond Amount
Use the Pennsylvania loan-volume schedule for lender sponsor bonds, broker sponsor bonds, or individual MLO bonds. Use $100,000 for the broker advance-fee bond, $500,000 for the servicer bond, and $25,000 for the debt settlement bond.
3
Buy and File
After purchase, Jet provides the bond or filing guidance based on the current Pennsylvania Department of Banking and Securities and NMLS process.
Need a Pennsylvania Mortgage or Debt Settlement Bond?
Jet can help you choose the correct Pennsylvania Mortgage Lender Bond, Mortgage Broker Bond, Sponsor of Mortgage Originators Bond, Mortgage Originator Bond, Mortgage Loan Correspondent Bond guidance, Mortgage Servicer Bond, Debt Settlement Bond, Partially Exempt Mortgage Company Bond, Mortgage Consumer Discount Company MLO coverage, or Mortgage Broker, Lender and/or Servicer Bond, review pricing, and get the bond issued for licensing.
Pennsylvania bond pricing starts at $125 for one year for a $25,000 Mortgage Originator or Debt Settlement Bond, $249 for one year for a $50,000 Mortgage Broker Sponsor Bond, $499 for one year for a $100,000 Mortgage Lender Sponsor Bond, and $2,499 for one year for a $500,000 Mortgage Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
How Are Pennsylvania Mortgage Bonds Filed?
Pennsylvania mortgage licensees use NMLS to obtain and maintain licenses. Debt settlement providers also renew through NMLS according to Pennsylvania nonbank licensing guidance. The bond should match the legal name, NMLS ID, license type, sponsor status, Pennsylvania loan volume, bond amount, and effective date shown on the Pennsylvania license or NMLS checklist.
Before ordering, confirm whether the bond is for a mortgage lender, mortgage broker advance fees, mortgage broker sponsor coverage, individual mortgage originator coverage, mortgage loan correspondent legacy guidance, mortgage servicer licensing, debt settlement licensing, partially exempt mortgage company sponsorship, mortgage consumer discount company MLO coverage, or combined mortgage authority.
NMLS Filing
The Pennsylvania mortgage or debt settlement bond should match the NMLS record, legal name, license type, sponsor status, bond amount, and effective date.
MLO Coverage
Confirm whether each Pennsylvania MLO is covered by a mortgage lender, mortgage broker, partially exempt company, mortgage consumer discount company, or other sponsor bond before purchasing individual MLO coverage.
Bond Changes
Contact Jet before changing the legal name, DBA, NMLS ID, bond amount, sponsor status, license type, Pennsylvania loan volume, debt settlement status, or mortgage authority.
Pennsylvania Mortgage Bond Renewals, Changes, and Cancellations
Renewing Your Bond
Pennsylvania licenses may be renewed on a schedule set by the Department. Review the bond before renewal to confirm the legal name, NMLS ID, license type, sponsor status, periodic-report loan volume, bond amount, debt settlement status, and MLO coverage remain correct.
Changing the Bond
A bond change may be required if Pennsylvania loan volume, sponsorship, MLO coverage, license authority, legal name, DBA, NMLS record, or debt settlement license status changes. Contact Jet before making a bond-related NMLS update.
Cancelling or Replacing Your Bond
Pennsylvania mortgage bond forms must include a cancellation provision requiring at least 30 days’ notice to the Department before cancellation takes effect. Debt settlement bonds must contain the cancellation provision required by the Debt Settlement Services Act. Do not cancel a required Pennsylvania bond until replacement coverage is accepted or the license no longer requires coverage.
What Does a Pennsylvania Mortgage License Bond Cover?
A Pennsylvania mortgage bond is designed to protect the Commonwealth and consumers who are injured by covered acts or omissions tied to Pennsylvania mortgage loan business. Mortgage lender and sponsor bonds can cover acts or omissions of sponsored mortgage originators. Mortgage broker advance-fee bonds can cover advance fees and related costs when recovery is allowed under Pennsylvania law. Mortgage servicer bonds support compliance with Pennsylvania mortgage servicer licensing requirements.
A Pennsylvania Debt Settlement Bond is conditioned on compliance with the Debt Settlement Services Act and is for the use of persons against the licensee for the benefit of consumers injured by violations of the act or related regulations.
The bond is not insurance for the bonded mortgage company, debt settlement provider, or mortgage originator. 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 Pennsylvania Mortgage Bond Claims
- Maintain continuous bond coverage for the correct Pennsylvania mortgage lender, mortgage broker, sponsor, MLO, mortgage loan correspondent legacy filing, servicer, debt settlement, partially exempt company, or mortgage consumer discount company requirement.
- Match the bond to the exact legal name, DBA, NMLS ID, license type, sponsor status, required bond amount, and effective date.
- Use the correct Pennsylvania mortgage loan volume to determine mortgage lender sponsor, mortgage broker sponsor, and individual MLO bond amounts.
- Confirm whether a mortgage broker accepts advance fees and whether the $100,000 advance-fee bond applies.
- Confirm whether each MLO is covered by a sponsor bond before purchasing individual MLO coverage.
- For mortgage loan correspondent references, confirm whether the current active Pennsylvania requirement is now mortgage lender, mortgage broker, sponsor, or another current license.
- For debt settlement providers, maintain the $25,000 bond, required insurance policy, standard agreement, and license information required by the Debt Settlement Services Act.
- Do not conduct Pennsylvania mortgage lender, broker, servicer, originator, debt settlement, or related activity without the correct license, sponsorship, exemption, or bond coverage.
- Do not advertise or represent loan terms or debt settlement services in a false, misleading, or deceptive way.
- Do not charge unauthorized or improper consumer fees.
- Maintain required books, records, loan files, debt settlement agreements, consumer disclosures, complaint records, periodic reports, and mortgage call reports.
- Submit renewals, periodic reports, bond riders, license amendments, and NMLS updates on time.
- Maintain any required net worth, fidelity bond, insurance policy, federal agency approval, or related licensing requirement in addition to the surety bond.
- Contact Jet before cancelling, replacing, or changing the bond.
Want to Know More About Mortgage Bond Processes?
Popular Mortgage License Bond Guides
Pennsylvania Mortgage License Bond FAQ
What Pennsylvania mortgage bonds are covered on this page?
This page covers Pennsylvania Mortgage Lender Bonds, Mortgage Broker Bonds, Sponsor of Mortgage Originators Bonds, Mortgage Loan Originator Bonds, Mortgage Loan Correspondent Bond guidance, Mortgage Servicer Bonds, Debt Settlement Bonds, Partially Exempt Mortgage Company Bonds, Mortgage Consumer Discount Company MLO coverage, and Mortgage Broker, Lender and/or Servicer Bonds.
What is the Pennsylvania Mortgage Lender Bond amount?
The Pennsylvania Mortgage Lender Sponsor Bond ranges from $100,000 to $500,000 based on Pennsylvania mortgage loans originated by the lender’s sponsored mortgage originators.
How much does a Pennsylvania Mortgage Lender Bond cost?
Jet pricing for a $100,000 Pennsylvania Mortgage Lender Bond is $499 for one year, $50 monthly, $873 for two years, or $1,248 for three years. Higher limits cost more.
What is the Pennsylvania Mortgage Broker Bond amount?
A Pennsylvania mortgage broker that accepts advance fees must maintain a $100,000 advance-fee bond. A mortgage broker that sponsors mortgage originators must maintain a sponsor bond from $50,000 to $150,000 based on Pennsylvania loan volume originated by sponsored mortgage originators.
What is the Pennsylvania Mortgage Loan Correspondent Bond amount?
Mortgage loan correspondent was a historical Pennsylvania mortgage license category, but 2022 amendments removed mortgage loan correspondent language from parts of Pennsylvania mortgage law. Confirm the current NMLS checklist before ordering. The current active requirement may be a mortgage lender, mortgage broker, sponsor, or other Pennsylvania license bond.
What is the Pennsylvania Debt Settlement Bond amount?
The Pennsylvania Debt Settlement License Bond amount is $25,000.
How much does a Pennsylvania Debt Settlement Bond cost?
Jet pricing for a $25,000 Pennsylvania Debt Settlement Bond is $125 for one year, $13 monthly, $219 for two years, or $313 for three years.
What is the Pennsylvania Mortgage Originator Bond amount?
The Pennsylvania individual Mortgage Originator Bond ranges from $25,000 to $150,000 based on Pennsylvania mortgage loans originated by the individual originator, when individual bond coverage is required.
Does every Pennsylvania mortgage originator need an individual bond?
No. An individual mortgage originator bond is required only when the originator is employed by or under the direct supervision and control of an excepted person that does not elect to maintain bond coverage for its mortgage originators. Many MLOs are covered by a sponsor bond instead.
What is the Pennsylvania Mortgage Servicer Bond amount?
The Pennsylvania Mortgage Servicer Bond amount is $500,000.
How much does a Pennsylvania Mortgage Servicer Bond cost?
Jet pricing for a $500,000 Pennsylvania Mortgage Servicer Bond is $2,499 for one year, $250 monthly, $4,373 for two years, or $6,248 for three years.
What is the Pennsylvania Partially Exempt Mortgage Company Bond amount?
Partially exempt mortgage company coverage is commonly handled through a Sponsor of Mortgage Originators Bond when the entity sponsors MLOs. Common lender-style sponsor limits are $100,000 to $500,000, but the final amount should be confirmed against the current NMLS checklist.
Who is the obligee on Pennsylvania mortgage and debt settlement bonds?
Pennsylvania mortgage and debt settlement bonds run to the Commonwealth of Pennsylvania and are regulated by the Pennsylvania Department of Banking and Securities.
Who should I contact for Pennsylvania 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 Pennsylvania mortgage or debt settlement bond.
Get the Pennsylvania Bond Required for Your License
Start by choosing the Pennsylvania bond that matches your license, company record, sponsor status, Pennsylvania loan volume, MLO coverage, mortgage loan correspondent legacy record, servicer authority, debt settlement license, partially exempt company status, mortgage consumer discount company coverage, or NMLS checklist. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.
Pennsylvania bond pricing starts at $125 for one year for a $25,000 Mortgage Originator or Debt Settlement Bond, $249 for one year for a $50,000 Mortgage Broker Sponsor Bond, $499 for one year for a $100,000 Mortgage Lender Sponsor Bond, and $2,499 for one year for a $500,000 Mortgage Servicer Bond.
Call: (855) 516-3348
Email: [email protected]