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Rhode Island mortgage license surety bonds
Rhode Island Mortgage License Bonds
Rhode Island lenders, loan brokers, mortgage loan originators, small loan lenders, third party loan servicers, exempt company registrants, and related mortgage businesses may need surety bond coverage for licensing or sponsorship with the Rhode Island Department of Business Regulation. Jet Insurance Company helps Rhode Island mortgage and lending professionals quote, purchase, renew, replace, and manage the bond required for their Rhode Island license or NMLS filing.
Use this page to compare Rhode Island Lender, Loan Broker, Mortgage Loan Originator coverage, Small Loan Lender, Third Party Loan Servicer, Exempt Company Registration, and Mortgage Broker, Lender and/or Servicer bond requirements, view Jet pricing, and get filing support for your Rhode Island license.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. Rhode Island mortgage and lending bond requirements can change. Confirm the final license type, branch status, sponsorship status, bond amount, filing method, NMLS record, and Rhode Island Department of Business Regulation checklist before filing.
Rhode Island Mortgage Bond Quick Answers
Which bonds are covered?
This page covers Rhode Island Lender Bonds, Loan Broker Bonds, Mortgage Loan Originator Bond Coverage, Small Loan Lender Bonds, Third Party Loan Servicer Bonds, Exempt Company Registration Bond guidance, and Mortgage Broker, Lender and/or Servicer Bonds.
Who regulates these licenses?
The Rhode Island Department of Business Regulation, Division of Banking, regulates lender, loan broker, mortgage loan originator, small loan lender, third party loan servicer, and exempt company filings.
What are the common limits?
Rhode Island initial bond amounts are $50,000 for Lenders, $20,000 for Loan Brokers, $10,000 for Small Loan Lenders, and $50,000 for Third Party Loan Servicers. MLO coverage may be satisfied by the licensed company bond when eligible.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your Rhode Island Mortgage License Bond
The correct Rhode Island bond depends on whether the business is applying as a lender, loan broker, small loan lender, third party loan servicer, exempt company registrant, or whether mortgage loan originators are covered through a licensed company. Rhode Island licensing and changes are handled through NMLS, and the bond should match the license type, legal name, NMLS record, and Department requirement.
Lender Bond
For Rhode Island lenders licensed under Rhode Island lending laws, including companies that lend or service mortgage loans when the lender license applies.
Initial bond limit: $50,000
Amount basis: Rhode Island lender license requirement
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Loan Broker Bond
For Rhode Island loan brokers, including mortgage loan brokers that broker residential mortgage loans and must be licensed through the Rhode Island Department of Business Regulation.
Initial bond limit: $20,000
Amount basis: Rhode Island loan broker license requirement
Starting price: $99 for one year or $10 monthly for the $20,000 bond.
Mortgage Loan Originator Bond Coverage
For Rhode Island mortgage loan originators that originate mortgage loans under a licensed lender, licensed loan broker, or explicitly exempt entity.
Common coverage: Covered by the licensed lender or loan broker bond when eligible
Separate bond: Confirm current NMLS checklist if the MLO is not covered by an eligible company bond
Small Loan Lender Bond
For Rhode Island small loan lenders licensed through the Department of Business Regulation and NMLS.
Initial bond limit: $10,000
Amount basis: Rhode Island small loan lender license requirement
Starting price: $79 for one year for the $10,000 bond.
Third Party Loan Servicer Bond
For Rhode Island third party loan servicers that service loans and must be licensed through the Department of Business Regulation.
Initial bond limit: $50,000
Amount basis: Rhode Island third party loan servicer license requirement
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Exempt Company Registration Bond Guidance
For Rhode Island exempt company registration filings when an entity is exempt from licensing but sponsors or employs Rhode Island MLOs or otherwise has an NMLS exempt company requirement.
Bond requirement: Confirm the current Rhode Island NMLS checklist
MLO coverage: Confirm whether sponsored MLOs are covered by an eligible company bond or separate bond requirement
Broker, Lender and/or Servicer Bond
For businesses whose Rhode Island or NMLS requirement references broader mortgage broker, loan broker, lender, mortgage loan originator, small loan lender, third party loan servicer, or exempt company coverage.
Common limits: $10,000, $20,000, or $50,000 depending on license type
Starting price: $79 for one year for a $10,000 bond, $99 for one year for a $20,000 bond, or $249 for one year for a $50,000 bond.
Important: Rhode Island uses different bond amounts for different license types. Lender and Third Party Loan Servicer bonds are $50,000, Loan Broker bonds are $20,000, and Small Loan Lender bonds are $10,000. MLO coverage may be satisfied by a properly licensed company bond when eligible. Confirm the current NMLS checklist and Rhode Island DBR instructions before ordering.
Rhode Island 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 Rhode Island Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $10,000 | Small Loan Lender Bond | $8 | $79 | $138 | $198 |
| $20,000 | Loan Broker Bond | $10 | $99 | $173 | $248 |
| $50,000 | Lender Bond, Third Party Loan Servicer Bond, or company MLO coverage when eligible | $25 | $249 | $436 | $623 |
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 status, MLO sponsorship, NMLS filing status, and Rhode Island Department of Business Regulation requirements.
Get Rhode Island Mortgage Bond Pricing
Start a quote online and select the Rhode Island bond that matches your license or NMLS checklist. Jet can help confirm whether you need a Lender Bond, Loan Broker Bond, Mortgage Loan Originator coverage, Small Loan Lender Bond, Third Party Loan Servicer Bond, Exempt Company Registration bond guidance, or Mortgage Broker, Lender and/or Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
Rhode Island Mortgage Bond Requirements
Rhode Island lender, loan broker, small loan lender, third party loan servicer, mortgage loan originator, and exempt company filings are handled through NMLS. The Rhode Island Department of Business Regulation requires each Lender, Loan Broker, Third Party Loan Servicer, and Small Loan Lender to file a bond with its application and keep that bond current throughout the period of licensure.
Rhode Island mortgage loan originators must be covered by a surety bond. When the MLO is an employee of a licensed lender or loan broker, the company bond can satisfy the MLO bond requirement if it meets the required coverage.
| Rhode Island License or Authority | Bond Amount | How the Requirement Works | Quote |
|---|---|---|---|
| Lender License | $50,000 | Required with the lender license application and kept current throughout the license period. | Get Quote |
| Loan Broker License | $20,000 | Required with the loan broker license application and kept current throughout the license period. | Get Quote |
| Mortgage Loan Originator | Covered by company bond when eligible; otherwise confirm current checklist | Each MLO must be covered by a surety bond. The obligation can be satisfied by the licensed lender or loan broker bond when the MLO is an employee of the licensee and the bond provides the required coverage. | Get Help |
| Small Loan Lender License | $10,000 | Required with the small loan lender license application and kept current throughout the license period. | Get Quote |
| Third Party Loan Servicer License | $50,000 | Required with the third party loan servicer license application and kept current throughout the license period. | Get Quote |
| Exempt Company Registration | Confirm current Rhode Island NMLS checklist | Use the current NMLS checklist to determine whether an exempt company registration requires separate bond coverage or whether MLO coverage is handled another way. | Get Help |
| Mortgage Broker, Lender and/or Servicer | $10,000, $20,000, or $50,000 depending on license type | Use the lender, loan broker, small loan lender, or third party loan servicer bond amount that matches the Rhode Island license or NMLS checklist. | Get Quote |
Filing note: Rhode Island mortgage and lending licenses are maintained through NMLS. Confirm the exact bond form, legal name, NMLS ID, license type, bond amount, branch record, MLO sponsorship status, and Department filing instructions before ordering or filing the bond.
Rhode Island Mortgage Bond Amounts
Rhode Island’s active rule lists different initial bond amounts for Lenders, Loan Brokers, Small Loan Lenders, and Third Party Loan Servicers. MLO coverage is tied to the MLO bond requirement, which may be satisfied by the licensed company bond when the MLO is employed by an eligible licensed lender or loan broker.
| Rhode Island Requirement | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| Small Loan Lender License Bond | $10,000 | $8 | $79 |
| Loan Broker License Bond | $20,000 | $10 | $99 |
| Lender License Bond | $50,000 | $25 | $249 |
| Third Party Loan Servicer License Bond | $50,000 | $25 | $249 |
| Mortgage Loan Originator Coverage | Company bond when eligible; otherwise confirm checklist | Varies | Varies |
| Exempt Company Registration | Confirm current NMLS checklist | Varies | Varies |
Checklist note: Rhode Island’s public DBR page directs applicants to NMLS for state-specific requirements. Use the NMLS checklist as the final source for the current bond form, branch treatment, exempt company coverage, and any MLO-specific filing instructions.
Rhode Island Lender Bond
The Rhode Island Lender Bond applies to companies licensed as Rhode Island lenders. The bond must be filed with the license application and kept current throughout the license period. If the lender employs Rhode Island MLOs, the lender bond may also satisfy the MLO surety bond coverage requirement when it meets the required coverage.
License Type
Rhode Island 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 Rhode Island or NMLS checklist references Lender License, Mortgage Lender, Rhode Island Licensed Lender, residential mortgage lending, or lender MLO coverage.
Rhode Island Loan Broker Bond
The Rhode Island Loan Broker Bond applies to companies licensed as Rhode Island loan brokers. Mortgage loan brokers must be licensed, and any lender or loan broker that lends or brokers mortgage loans must appoint a Rhode Island licensed MLO as the qualified individual or branch manager unless a regulatory exception applies.
License Type
Rhode Island Loan Broker License.
Bond Limit
$20,000.
Jet Pricing
$99 for one year, $10 monthly, $173 for two years, or $248 for three years.
Use this option when the Rhode Island or NMLS checklist references Loan Broker License, Mortgage Loan Broker, Rhode Island Licensed Loan Broker, mortgage brokering, or loan broker MLO coverage.
Rhode Island Mortgage Loan Originator Bond Coverage
Rhode Island mortgage loan originators must be covered by a surety bond. If the MLO is an employee of a licensed lender or loan broker, the lender or loan broker bond may be used instead of a separate MLO bond when it satisfies the required coverage. Rhode Island also requires an MLO to have active sponsorship with a properly licensed lender or loan broker, or an entity explicitly exempt from licensure, before originating loans in Rhode Island.
License Type
Rhode Island Mortgage Loan Originator License.
Common Coverage
Covered by the licensed lender or loan broker bond when the MLO is an employee and the company bond meets the required coverage.
Separate Coverage
Confirm the current Rhode Island NMLS checklist if the MLO is not covered by an eligible company bond.
Before ordering separate MLO coverage, confirm whether the MLO is covered by the licensed company’s bond and whether the MLO sponsorship is active and correctly shown in NMLS.
Rhode Island Small Loan Lender Bond
The Rhode Island Small Loan Lender Bond applies to small loan lenders licensed through Rhode Island DBR and NMLS. The bond must be filed with the license application and kept current throughout the period of licensure.
License Type
Rhode Island Small Loan Lender License.
Bond Limit
$10,000.
Jet Pricing
$79 for one year, $138 for two years, or $198 for three years.
Use this option when the Rhode Island or NMLS checklist references Small Loan Lender License, Rhode Island Licensed Small Loan Lender, or small loan lender bond coverage.
Rhode Island Third Party Loan Servicer Bond
The Rhode Island Third Party Loan Servicer Bond applies to third party loan servicers licensed through Rhode Island DBR and NMLS. The initial bond amount is $50,000, and the bond must remain current throughout the license period.
License Type
Rhode Island Third Party Loan Servicer 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 Rhode Island or NMLS checklist references Third Party Loan Servicer License, Rhode Island Licensed Third Party Loan Servicer, loan servicing, or third party loan servicer bond coverage.
Rhode Island Exempt Company Registration Bond Guidance
Rhode Island Exempt Company Registration filings are handled through NMLS. An exempt company may be involved when an entity is exempt from Rhode Island licensing but sponsors or employs Rhode Island MLOs, or when the NMLS checklist requires an exempt company registration record.
The public Rhode Island DBR page lists Exempt Company Registration as an NMLS filing, but the final bond requirement should be confirmed against the current Rhode Island NMLS checklist. If MLO sponsorship is involved, confirm whether sponsored MLOs are covered by a company bond or whether another coverage path applies.
Registration Type
Rhode Island Exempt Company Registration.
Bond Requirement
Confirm the current Rhode Island NMLS checklist before ordering.
MLO Coverage
Confirm whether sponsored MLOs are covered by an eligible company bond or separate coverage requirement.
Use this option when the Rhode Island or NMLS checklist references Exempt Company Registration, exempt company sponsorship, MLO sponsorship by an exempt company, or exempt company bond coverage.
Rhode Island Mortgage Broker, Lender and/or Servicer Bond
The Rhode Island Mortgage Broker, Lender and/or Servicer Bond option is for businesses whose NMLS or Rhode Island requirement references broader mortgage authority, including lender, loan broker, mortgage loan originator, small loan lender, third party loan servicer, exempt company, or MLO sponsor coverage.
Authority Type
Rhode Island lender, loan broker, mortgage loan originator, small loan lender, third party loan servicer, exempt company, or MLO sponsor authority.
Common Bond Limits
$10,000, $20,000, or $50,000 depending on license type.
Starting Price
$79 for one year for a $10,000 bond, $99 for one year for a $20,000 bond, or $249 for one year for a $50,000 bond.
Use this option when the Rhode Island or NMLS requirement references mortgage broker, loan broker, mortgage lender, lender, small loan lender, third party loan servicer, exempt company, MLO coverage, or combined mortgage activity rather than a narrower bond title.
Rhode Island Mortgage Bond Comparison
Rhode Island bond requirements depend on the license type, whether the business is a lender, loan broker, small loan lender, or third party loan servicer, and whether MLOs are covered by the company bond or need separate coverage.
| Requirement | Regulator | Bond Amount | Main Filing Point |
|---|---|---|---|
| Lender Bond | Rhode Island Department of Business Regulation | $50,000 | NMLS company license record |
| Loan Broker Bond | Rhode Island Department of Business Regulation | $20,000 | NMLS company license record |
| Mortgage Loan Originator Coverage | Rhode Island Department of Business Regulation | Covered by licensed company bond when eligible; otherwise confirm checklist | NMLS MLO license and sponsorship record |
| Small Loan Lender Bond | Rhode Island Department of Business Regulation | $10,000 | NMLS company license record |
| Third Party Loan Servicer Bond | Rhode Island Department of Business Regulation | $50,000 | NMLS company license record |
| Exempt Company Registration | Rhode Island Department of Business Regulation | Confirm current Rhode Island NMLS checklist | NMLS exempt company registration record |
How Rhode Island Mortgage Bond Quotes Work
1
Confirm the Rhode Island License
Identify whether the checklist references Lender, Loan Broker, Mortgage Loan Originator, Small Loan Lender, Third Party Loan Servicer, Exempt Company Registration, or another Rhode Island mortgage or lending requirement.
2
Confirm the Bond Amount
Use $50,000 for Lender and Third Party Loan Servicer bonds, $20,000 for Loan Broker bonds, and $10,000 for Small Loan Lender bonds. Confirm MLO and exempt company coverage through the current NMLS checklist.
3
Buy and File
After purchase, Jet provides the bond or filing guidance based on the current Rhode Island Department of Business Regulation and NMLS process.
Need a Rhode Island Mortgage License Bond?
Jet can help you choose the correct Rhode Island Lender Bond, Loan Broker Bond, Mortgage Loan Originator coverage, Small Loan Lender Bond, Third Party Loan Servicer Bond, Exempt Company Registration bond guidance, or Mortgage Broker, Lender and/or Servicer Bond, review pricing, and get the bond issued for licensing.
Rhode Island bond pricing starts at $79 for one year for a $10,000 Small Loan Lender Bond, $99 for one year for a $20,000 Loan Broker Bond, and $249 for one year for a $50,000 Lender or Third Party Loan Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
How Are Rhode Island Mortgage Bonds Filed?
Rhode Island lender, loan broker, small loan lender, third party loan servicer, mortgage loan originator, and exempt company filings go through NMLS. The bond should match the legal name, license type, NMLS ID, bond amount, effective date, and any sponsorship or branch information shown on the Rhode Island license or NMLS checklist.
Before ordering, confirm whether the bond is for a lender, loan broker, MLO coverage, small loan lender, third party loan servicer, exempt company registration, or combined mortgage authority.
NMLS Filing
The Rhode Island mortgage or lending bond should match the NMLS record, legal name, license type, bond amount, and effective date.
MLO Coverage
Confirm whether each Rhode Island MLO is covered by a licensed lender or loan broker bond before purchasing separate MLO coverage.
Bond Changes
Contact Jet before changing the legal name, DBA, NMLS ID, bond amount, branch record, license type, sponsorship, or mortgage authority.
Rhode Island Mortgage Bond Renewals, Changes, and Cancellations
Renewing Your Bond
Rhode Island licensees must keep required bonds current throughout the period of licensure. Review the bond before renewal to confirm the legal name, NMLS ID, license type, bond amount, MLO sponsorship, and filing record remain correct.
Changing the Bond
A bond change may be required if legal name, DBA, NMLS ID, license authority, branch status, MLO sponsorship, or Department checklist requirements change. Contact Jet before making a bond-related NMLS update.
Cancelling or Replacing Your Bond
Do not cancel a required Rhode Island mortgage or lending bond until replacement coverage is accepted or the license no longer requires coverage. A bond cancellation can create NMLS and licensing problems.
What Does a Rhode Island Mortgage License Bond Cover?
A Rhode Island mortgage or lending license bond supports compliance with Rhode Island lending and mortgage licensing laws. The bond is required for licensing and can provide financial protection if a valid claim arises from covered violations tied to the licensed activity.
The bond is not insurance for the bonded lender, loan broker, small loan lender, third party loan servicer, or MLO. 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 Rhode Island Mortgage Bond Claims
- Maintain continuous bond coverage for the correct Rhode Island lender, loan broker, MLO, small loan lender, third party loan servicer, or exempt company requirement.
- Match the bond to the exact legal name, DBA, NMLS ID, license type, required bond amount, and effective date.
- Confirm whether MLOs are covered by the licensed lender or loan broker bond before purchasing separate coverage.
- Maintain active MLO sponsorship with a properly licensed lender or loan broker, or an explicitly exempt entity, before originating loans in Rhode Island.
- Do not conduct Rhode Island lending, loan brokering, servicing, small loan, or MLO activity without the correct license, registration, sponsorship, or bond coverage.
- Do not advertise or represent loan terms in a false, misleading, or deceptive way.
- Use required Rhode Island licensed lender, loan broker, small loan lender, or third party loan servicer language in advertising when applicable.
- Maintain required books, accounts, loan files, servicing records, consumer disclosures, financial statements, annual reports, and NMLS filings.
- Report required changes through NMLS within the required timeframe.
- Do not use prohibited net branch arrangements.
- Maintain any required net worth, financial responsibility, branch manager, qualified individual, or Rhode Island insurance claim agent requirements 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
Rhode Island Mortgage License Bond FAQ
What Rhode Island mortgage bonds are covered on this page?
This page covers Rhode Island Lender Bonds, Loan Broker Bonds, Mortgage Loan Originator bond coverage, Small Loan Lender Bonds, Third Party Loan Servicer Bonds, Exempt Company Registration bond guidance, and Mortgage Broker, Lender and/or Servicer Bonds.
What is the Rhode Island Lender Bond amount?
The Rhode Island Lender Bond amount is $50,000.
How much does a Rhode Island Lender Bond cost?
Jet pricing for a $50,000 Rhode Island Lender Bond is $249 for one year, $25 monthly, $436 for two years, or $623 for three years.
What is the Rhode Island Loan Broker Bond amount?
The Rhode Island Loan Broker Bond amount is $20,000.
How much does a Rhode Island Loan Broker Bond cost?
Jet pricing for a $20,000 Rhode Island Loan Broker Bond is $99 for one year, $10 monthly, $173 for two years, or $248 for three years.
What is the Rhode Island Small Loan Lender Bond amount?
The Rhode Island Small Loan Lender Bond amount is $10,000.
What is the Rhode Island Third Party Loan Servicer Bond amount?
The Rhode Island Third Party Loan Servicer Bond amount is $50,000.
Does a Rhode Island mortgage loan originator need a separate bond?
Not always. A Rhode Island MLO must be covered by a surety bond, but the licensed lender or loan broker bond can satisfy the MLO bond requirement when the MLO is an employee of the licensee and the company bond meets the required coverage.
Does Rhode Island Exempt Company Registration require a bond?
Confirm the current Rhode Island NMLS checklist. DBR lists Exempt Company Registration as an NMLS filing, but the public filing page does not list a fixed exempt company bond amount. If MLO sponsorship is involved, confirm how MLO bond coverage is handled.
Who regulates Rhode Island mortgage license bonds?
The Rhode Island Department of Business Regulation, Division of Banking, regulates Rhode Island lender, loan broker, small loan lender, third party loan servicer, mortgage loan originator, and exempt company filings.
Who should I contact for Rhode Island 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 Rhode Island mortgage or lending bond.
Get the Rhode Island Bond Required for Your License
Start by choosing the Rhode Island bond that matches your license, company record, sponsorship status, MLO coverage, lender authority, loan broker authority, small loan lender license, third party loan servicer license, exempt company registration, or NMLS checklist. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.
Rhode Island bond pricing starts at $79 for one year for a $10,000 Small Loan Lender Bond, $99 for one year for a $20,000 Loan Broker Bond, and $249 for one year for a $50,000 Lender or Third Party Loan Servicer Bond.
Call: (855) 516-3348
Email: [email protected]