South Dakota mortgage and money lender surety bonds

South Dakota Mortgage License Bonds

South Dakota mortgage lenders, mortgage servicers, mortgage brokers, mortgage loan originators, exempt mortgage companies, nonresidential mortgage lenders, money lenders, and related lending businesses may need surety bond coverage for licensing or registration with the South Dakota Division of Banking. Jet Insurance Company helps South Dakota mortgage and lending professionals quote, purchase, renew, replace, and manage the bond required for their South Dakota license or NMLS filing.

Use this page to compare South Dakota Mortgage Lender/Servicer, Mortgage Broker, Mortgage Loan Originator coverage, Exempt Mortgage Company Registration, Nonresidential Mortgage Lender, Money Lender, and Mortgage Broker, Lender and/or Servicer bond requirements, view Jet pricing, and get filing support for your South Dakota license.

Need help? Call (855) 516-3348 or email [email protected].

Last updated: July 2026. South Dakota mortgage and money lender bond requirements can change. Confirm the final license type, bond amount, South Dakota loan volume, filing method, NMLS record, branch count, and South Dakota Division of Banking checklist before filing.

South Dakota Mortgage Bond Quick Answers

Which bonds are covered?

This page covers South Dakota Mortgage Lender/Servicer Bonds, Mortgage Broker Bonds, Mortgage Loan Originator Bond Coverage, Exempt Mortgage Company Registration Bonds, Nonresidential Mortgage Lender Bond guidance, Money Lender Bonds, and Mortgage Broker, Lender and/or Servicer Bonds.

Who regulates these licenses?

The South Dakota Division of Banking regulates mortgage lender/servicer, mortgage broker, mortgage loan originator, exempt mortgage company, nonresidential mortgage lender, and money lender filings.

What are the common limits?

South Dakota mortgage bonds are generally $25,000, $35,000, or $50,000 based on South Dakota mortgage loan volume. South Dakota Money Lender Bonds start at $10,000 for the first license plus $2,500 for each additional license.

How do I get help?

Call (855) 516-3348 or email [email protected].

Choose Your South Dakota Mortgage License Bond

The correct South Dakota bond depends on whether the business is licensed as a mortgage lender/servicer, mortgage broker, exempt mortgage company, nonresidential mortgage lender, money lender, or whether mortgage loan originators are covered through a company bond. South Dakota mortgage and money lender license filings use NMLS, and the bond should match the license type, legal name, NMLS ID, required amount, and South Dakota Division of Banking checklist.

Mortgage Lender/Servicer Bond

For South Dakota mortgage lenders and mortgage servicers that originate, sell, service, or hold themselves out as originating, selling, or servicing mortgages for valuable consideration.

Bond limits: $25,000, $35,000, or $50,000

Amount basis: Mortgage loans originated, brokered, or serviced with respect to South Dakota property during the preceding calendar year

Starting price: $125 for one year or $13 monthly for the $25,000 bond.

Get Mortgage Lender/Servicer Bond Quote

Mortgage Broker Bond

For South Dakota mortgage brokers engaged in placing loans with investors for a fee and not servicing those loans.

Bond limits: $25,000, $35,000, or $50,000

Amount basis: South Dakota mortgage loans brokered during the preceding calendar year

Starting price: $125 for one year or $13 monthly for the $25,000 bond.

Get Mortgage Broker Bond Quote

Mortgage Loan Originator Bond Coverage

For South Dakota mortgage loan originators who take mortgage loan applications or offer or negotiate mortgage loan terms for compensation or gain.

Common coverage: Covered by the company bond when the MLO is an employee or exclusive agent of a person subject to South Dakota mortgage law

Separate coverage: Confirm the current NMLS checklist if the MLO is not covered by an eligible company bond

Get MLO Coverage Help

Exempt Mortgage Company Registration Bond

For South Dakota exempt mortgage company registration filings when a company is exempt from licensure but employs individuals required to hold a South Dakota Mortgage Loan Originator License.

Common bond limits: $25,000, $35,000, or $50,000 when bond coverage is required

Coverage note: Confirm the current NMLS checklist and whether the bond covers sponsored MLOs.

Get Exempt Company Bond Help

Nonresidential Mortgage Lender Bond Guidance

For South Dakota companies that make nonresidential mortgage loans only and must hold a mortgage lending license under South Dakota law.

Bond requirement: Confirm the current South Dakota NMLS checklist

Important note: South Dakota says nonresidential mortgage lenders are exempt from other provisions of SDCL Chapter 54-14, so confirm whether the mortgage bond requirement applies to the specific filing.

Get Nonresidential Mortgage Bond Help

Money Lender Bond

For South Dakota money lenders, including businesses engaged in lending money, creating and holding or purchasing or acquiring retail installment contracts, payday lending, and title lending under South Dakota money lender law.

Bond limit: $10,000 for the first license plus $2,500 for each additional license

Starting price: $79 for one year for the $10,000 bond.

Get Money Lender Bond Quote

Broker, Lender and/or Servicer Bond

For businesses whose South Dakota or NMLS requirement references broader mortgage broker, mortgage lender, mortgage servicer, MLO, exempt company, nonresidential mortgage lender, or money lender coverage.

Common mortgage limits: $25,000, $35,000, or $50,000

Starting price: $125 for one year for a $25,000 mortgage bond.

Get Combined Bond Help

Important: South Dakota mortgage bonds use a $25,000, $35,000, or $50,000 scale based on South Dakota mortgage loan volume. Money Lender Bonds are separate and start at $10,000 for the first license plus $2,500 for each additional license. Confirm the current NMLS checklist before ordering if the filing is an Exempt Mortgage Company Registration, Nonresidential Mortgage Lender License, or MLO-only coverage situation.

South 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 South Dakota Use Monthly 1 Year 2 Years 3 Years
$10,000 Money Lender Bond first license $8 $79 $138 $198
$25,000 Mortgage Lender/Servicer, Mortgage Broker, MLO, or Exempt Company coverage lowest tier $13 $125 $219 $313
$35,000 Mortgage Lender/Servicer, Mortgage Broker, MLO, or Exempt Company coverage middle tier $18 $175 $306 $438
$50,000 Mortgage Lender/Servicer, Mortgage Broker, MLO, or Exempt Company coverage highest tier $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, South Dakota loan volume, additional license count, NMLS filing status, and South Dakota Division of Banking requirements.

Get South Dakota Mortgage Bond Pricing

Start a quote online and select the South Dakota bond that matches your license or NMLS checklist. Jet can help confirm whether you need a Mortgage Lender/Servicer Bond, Mortgage Broker Bond, Mortgage Loan Originator coverage, Exempt Mortgage Company Registration Bond, Nonresidential Mortgage Lender Bond guidance, Money Lender Bond, or Mortgage Broker, Lender and/or Servicer Bond.

Questions? Call (855) 516-3348 or email [email protected].

Get My South Dakota Mortgage Bond Quote

South Dakota Mortgage Bond Requirements

South Dakota mortgage lender/servicer, mortgage broker, exempt mortgage company registration, nonresidential mortgage lender, and mortgage loan originator filings are handled through NMLS. South Dakota mortgage licenses expire on December 31, and renewal requests must be filed through NMLS by December 1 to avoid a late fee.

South Dakota mortgage bond amounts are based on the dollar amount of mortgage loans originated, brokered, or serviced with respect to property in South Dakota during the preceding calendar year. Mortgage loan originators and mortgage brokers must be covered by a surety bond, and the company bond can be used when the MLO or broker is an employee or exclusive agent of a person subject to South Dakota mortgage law.

South Dakota License or Authority Bond Amount How the Requirement Works Quote
Mortgage Lender/Servicer License $25,000, $35,000, or $50,000 Required for companies that originate, sell, or service mortgages. Bond amount is based on South Dakota mortgage loans originated, brokered, or serviced during the preceding calendar year. Get Quote
Mortgage Broker License $25,000, $35,000, or $50,000 Required for companies engaged in placing loans with investors for a fee but not servicing those loans. Get Quote
Mortgage Loan Originator Covered by company bond when eligible; otherwise confirm current checklist Required for individuals who take mortgage loan applications or offer or negotiate mortgage loan terms for compensation or gain. Company bond coverage can satisfy the MLO bond requirement when eligible. Get Help
Exempt Mortgage Company Registration Confirm current NMLS checklist; commonly $25,000, $35,000, or $50,000 when bond coverage is required Optional registration for companies exempt from licensure but employing individuals required to hold a South Dakota MLO license. Get Help
Nonresidential Mortgage Lender License Confirm current NMLS checklist Required for companies that make nonresidential mortgage loans only. South Dakota notes these companies are exempt from other provisions of SDCL Chapter 54-14, so confirm whether a bond applies to the specific filing. Get Help
Money Lender License $10,000 first license plus $2,500 each additional license Required for businesses engaged in lending money, including retail installment contracts, payday lending, and title lending. Money lender filings are submitted through NMLS. Get Quote
Mortgage Broker, Lender and/or Servicer $25,000, $35,000, or $50,000 for mortgage bonds Use the South Dakota mortgage bond scale for mortgage lender/servicer, mortgage broker, MLO, or exempt mortgage company coverage when bond coverage is required. Get Quote

Filing note: South Dakota mortgage and money lender filings use NMLS, but the bond title, bond amount, and filing requirement depend on the license type. Confirm the legal name, NMLS ID, license type, bond form, amount, effective date, South Dakota loan volume, branch or additional license count, and Division of Banking instructions before ordering.

South Dakota Mortgage Bond Amounts

South Dakota mortgage bond amounts are based on South Dakota mortgage loans originated, brokered, or serviced during the preceding calendar year. Money Lender Bonds use a separate first-license and additional-license formula.

Mortgage Lender/Servicer, Mortgage Broker, MLO, and Exempt Company Coverage

South Dakota Mortgage Loan Volume Required Bond Amount Jet Monthly Price Jet 1-Year Price
Less than $25,000,000 $25,000 $13 $125
$25,000,001 to $100,000,000 $35,000 $18 $175
Over $100,000,000 $50,000 $25 $249

Money Lender Bond Amounts

South Dakota Money Lender Requirement Bond Amount Jet Monthly Price Jet 1-Year Price
First Money Lender License $10,000 $8 $79
Each Additional License Add $2,500 Varies Varies

Volume note: For mortgage bonds, the South Dakota scale is based on mortgage loans originated, brokered, or serviced with respect to South Dakota property during the preceding calendar year. For new applicants, confirm whether the NMLS checklist requires the minimum bond, anticipated volume, or another Division instruction.

South Dakota Mortgage Lender/Servicer Bond

The South Dakota Mortgage Lender/Servicer Bond applies to companies that, for valuable consideration, originate, sell, or service mortgages, or hold themselves out as originating, selling, or servicing mortgages. This license is filed through NMLS and regulated by the South Dakota Division of Banking.

License Type

South Dakota Mortgage Lender/Servicer License.

Bond Limits

$25,000, $35,000, or $50,000 based on South Dakota mortgage loan volume.

Starting Price

$125 for one year or $13 monthly for the $25,000 bond.

Use this option when the South Dakota or NMLS checklist references Mortgage Lender/Servicer License, Mortgage Lender License, Mortgage Servicer License, mortgage lending, mortgage servicing, or South Dakota mortgage lender bond coverage.

Get South Dakota Mortgage Lender/Servicer Bond Quote

South Dakota Mortgage Broker Bond

The South Dakota Mortgage Broker Bond applies to companies engaged in placing loans with investors for a fee but not servicing those loans. Mortgage broker filings are handled through NMLS and regulated by the South Dakota Division of Banking.

License Type

South Dakota Mortgage Broker License.

Bond Limits

$25,000, $35,000, or $50,000 based on South Dakota mortgage loan volume.

Starting Price

$125 for one year or $13 monthly for the $25,000 bond.

Use this option when the South Dakota or NMLS checklist references Mortgage Broker License, brokered mortgage loans, placing loans with investors, mortgage brokerage, or South Dakota mortgage broker bond coverage.

Get South Dakota Mortgage Broker Bond Quote

South Dakota Mortgage Loan Originator Bond Coverage

The South Dakota Mortgage Loan Originator License applies to individuals who, for compensation or gain, take mortgage loan applications or offer or negotiate mortgage loan terms. South Dakota law requires each mortgage loan originator and mortgage broker to be covered by a surety bond.

If the mortgage loan originator is an employee or exclusive agent of a person subject to South Dakota mortgage law, the company’s surety bond can be used in place of the MLO’s separate surety bond requirement. Confirm the current NMLS checklist before purchasing separate MLO coverage.

License Type

South Dakota Mortgage Loan Originator License.

Common Coverage

Covered by company bond when the MLO is an employee or exclusive agent of an eligible mortgage company.

Separate Coverage

Confirm the current NMLS checklist if the MLO is not covered by an eligible company bond.

Get South Dakota MLO Coverage Help

South Dakota Exempt Mortgage Company Registration Bond

The South Dakota Exempt Mortgage Company Registration is optional and may be held by a company that is exempt from licensure under South Dakota mortgage law but employs individuals required to hold a Mortgage Loan Originator License. Because this filing is tied to MLO activity, bond coverage should be checked against the current NMLS checklist.

Registration Type

South Dakota Exempt Mortgage Company Registration.

Common Bond Limits

$25,000, $35,000, or $50,000 when mortgage bond coverage is required.

Coverage Note

Confirm the current NMLS checklist, MLO sponsorship, and company bond coverage before ordering.

Use this option when the South Dakota or NMLS checklist references Exempt Mortgage Company Registration, exempt company, sponsored MLOs, or exempt mortgage company bond coverage.

Get South Dakota Exempt Company Bond Help

South Dakota Nonresidential Mortgage Lender Bond Guidance

South Dakota states that any company making nonresidential mortgage loans only must hold a mortgage lending license, but is exempt from other provisions of South Dakota mortgage lender law. Because of that exemption language, confirm the current South Dakota NMLS checklist before ordering a bond for a nonresidential-only mortgage lender filing.

License Type

South Dakota Nonresidential Mortgage Lender License.

Bond Requirement

Confirm the current NMLS checklist and Division of Banking instructions.

Jet Help

Jet can review the requested bond title, NMLS checklist, and South Dakota filing details before issuance.

Use this option when the South Dakota or NMLS checklist references Nonresidential Mortgage Lender License, commercial mortgage lending, nonresidential mortgage lending, or a nonresidential mortgage bond requirement.

Get South Dakota Nonresidential Mortgage Bond Help

South Dakota Money Lender Bond

The South Dakota Money Lender Bond applies to businesses engaged in lending money, including creating and holding or purchasing or acquiring retail installment contracts. South Dakota also licenses payday and title lenders as Money Lenders. Money Lender License applications are submitted through NMLS.

License Type

South Dakota Money Lender License.

Bond Amount

$10,000 for the first license plus $2,500 for each additional license.

Starting Price

$79 for one year for the $10,000 bond.

Use this option when the South Dakota or NMLS checklist references Money Lender License, payday lender, title lender, installment loan, retail installment contract, or consumer finance lending under South Dakota money lender law.

Get South Dakota Money Lender Bond Quote

South Dakota Mortgage Broker, Lender and/or Servicer Bond

The South Dakota Mortgage Broker, Lender and/or Servicer Bond option is for businesses whose NMLS or South Dakota requirement references broader mortgage authority, including mortgage lender, mortgage servicer, mortgage broker, MLO, exempt mortgage company, nonresidential mortgage lender, or money lender coverage.

Authority Type

South Dakota mortgage lender, mortgage servicer, mortgage broker, MLO sponsor, exempt mortgage company, nonresidential mortgage lender, or money lender authority.

Common Mortgage Limits

$25,000, $35,000, or $50,000 depending on South Dakota mortgage loan volume.

Starting Price

$125 for one year for a $25,000 mortgage bond.

Use this option when the South Dakota or NMLS requirement references mortgage broker, mortgage lender, mortgage servicer, MLO coverage, exempt mortgage company, nonresidential mortgage lender, money lender, or combined mortgage activity rather than a narrower bond title.

Get South Dakota Broker/Lender/Servicer Bond Quote

South Dakota Mortgage Bond Comparison

South Dakota bond requirements depend on the license type, South Dakota mortgage loan volume, whether the business originates, brokers, or services mortgage loans, whether MLOs are covered by a company bond, and whether the filing is a mortgage license or money lender license.

Requirement Regulator Bond Amount Main Filing Point
Mortgage Lender/Servicer Bond South Dakota Division of Banking $25,000, $35,000, or $50,000 based on South Dakota loan volume NMLS company license record
Mortgage Broker Bond South Dakota Division of Banking $25,000, $35,000, or $50,000 based on South Dakota loan volume NMLS company license record
Mortgage Loan Originator Coverage South Dakota Division of Banking Covered by company bond when eligible; otherwise confirm checklist NMLS MLO license and sponsorship record
Exempt Mortgage Company Registration South Dakota Division of Banking Confirm current NMLS checklist; commonly $25,000, $35,000, or $50,000 when required NMLS exempt company registration record
Nonresidential Mortgage Lender South Dakota Division of Banking Confirm current NMLS checklist NMLS company license record
Money Lender Bond South Dakota Division of Banking $10,000 first license plus $2,500 each additional license NMLS money lender license record

How South Dakota Mortgage Bond Quotes Work

1

Confirm the South Dakota License

Identify whether the checklist references Mortgage Lender/Servicer, Mortgage Broker, Mortgage Loan Originator, Exempt Mortgage Company Registration, Nonresidential Mortgage Lender, Money Lender, or another South Dakota lending requirement.

2

Confirm the Bond Amount

Use the $25,000, $35,000, or $50,000 scale for mortgage bonds based on South Dakota loan volume. Use $10,000 plus $2,500 for each additional license for South Dakota Money Lender Bonds.

3

Buy and File

After purchase, Jet provides the bond or filing guidance based on the current South Dakota Division of Banking and NMLS process.

Start My South Dakota Mortgage Bond Quote

Need a South Dakota Mortgage License Bond?

Jet can help you choose the correct South Dakota Mortgage Lender/Servicer Bond, Mortgage Broker Bond, MLO coverage, Exempt Mortgage Company Registration Bond, Nonresidential Mortgage Lender Bond guidance, Money Lender Bond, or Mortgage Broker, Lender and/or Servicer Bond, review pricing, and get the bond issued for licensing.

South Dakota mortgage bond pricing starts at $125 for one year for a $25,000 mortgage bond. South Dakota Money Lender Bond pricing starts at $79 for one year for the $10,000 first-license bond.

Questions? Call (855) 516-3348 or email [email protected].

Get My South Dakota Bond Quote

How Are South Dakota Mortgage Bonds Filed?

South Dakota mortgage and money lender license filings use NMLS. The bond should match the legal name, license type, NMLS ID, bond amount, effective date, South Dakota loan volume, and any MLO sponsorship or additional license information shown on the South Dakota license or NMLS checklist.

Before ordering, confirm whether the bond is for mortgage lender/servicer, mortgage broker, MLO coverage, exempt mortgage company registration, nonresidential mortgage lender, money lender, or combined mortgage authority.

NMLS Filing

The South Dakota mortgage or money lender bond should match the NMLS record, legal name, license type, bond amount, and effective date.

MLO Coverage

Confirm whether each South Dakota MLO is covered by an eligible company bond before purchasing separate MLO coverage.

Bond Changes

Contact Jet before changing the legal name, DBA, NMLS ID, bond amount, license type, South Dakota loan volume, additional license count, or MLO sponsorship.

Read NMLS Electronic Surety Bond Filing Instructions

South Dakota Mortgage Bond Renewals, Changes, and Cancellations

Renewing Your Bond

South Dakota mortgage licenses expire on December 31, and renewal requests must be filed through NMLS by December 1 to avoid a late fee. Money lender licenses also expire December 31 and renew through NMLS.

Email Jet for Renewal Help

Changing the Bond

A bond change may be required if South Dakota loan volume, legal name, DBA, NMLS ID, license authority, additional license count, or MLO sponsorship changes. Contact Jet before making a bond-related NMLS update.

Email Jet for Change Help

Cancelling or Replacing Your Bond

Do not cancel a required South Dakota mortgage or money lender bond until replacement coverage is accepted or the license no longer requires coverage. A bond cancellation can create NMLS and license problems.

Email Jet for Cancellation Help

What Does a South Dakota Mortgage License Bond Cover?

A South Dakota mortgage license bond is in favor of the State of South Dakota for the use of the state and any person who has a cause of action under South Dakota mortgage law against the licensee. The bond is conditioned on the licensee’s faithful performance under South Dakota mortgage law and rules and the payment of amounts due to the state or another person while the bond is in force.

A South Dakota Money Lender Bond is similarly in favor of the state for the use of the state and any person who has a cause of action under South Dakota money lender law against the licensee.

The bond is not insurance for the bonded mortgage company, broker, lender, servicer, money lender, 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.

Read the Mortgage License Bond Claims Guide

How to Avoid South Dakota Mortgage Bond Claims

  • Maintain continuous bond coverage for the correct South Dakota mortgage lender/servicer, mortgage broker, MLO, exempt mortgage company, nonresidential mortgage lender, or money lender requirement.
  • Match the bond to the exact legal name, DBA, NMLS ID, license type, required bond amount, and effective date.
  • Use the correct South Dakota mortgage loan volume to determine the $25,000, $35,000, or $50,000 mortgage bond amount.
  • Use the correct license count for the South Dakota Money Lender Bond amount.
  • Confirm whether MLOs are covered by an eligible company bond before purchasing separate coverage.
  • Confirm whether an Exempt Mortgage Company Registration or Nonresidential Mortgage Lender License has a separate bond requirement on the current NMLS checklist.
  • Do not conduct South Dakota mortgage lending, brokering, servicing, money lending, or MLO activity without the correct license, registration, sponsorship, and bond coverage.
  • Do not advertise or represent loan terms in a false, misleading, or deceptive way.
  • Maintain required loan files, mortgage call reports, annual financial statements, annual condition reports, quarterly money lending reports, consumer disclosures, complaint records, and NMLS filings.
  • Submit renewals, bond riders, license amendments, reports, and NMLS updates on time.
  • Maintain any required financial responsibility, control person, business plan, AML/BSA policy, information security policy, or other licensing requirement in addition to the surety bond.
  • Contact Jet before cancelling, replacing, or changing the bond.

Read the Mortgage License Bond Claims Guide

Want to Know More About Mortgage Bond Processes?

South Dakota Mortgage License Bond FAQ

What South Dakota mortgage bonds are covered on this page?

This page covers South Dakota Mortgage Lender/Servicer Bonds, Mortgage Broker Bonds, Mortgage Loan Originator bond coverage, Exempt Mortgage Company Registration Bonds, Nonresidential Mortgage Lender Bond guidance, Money Lender Bonds, and Mortgage Broker, Lender and/or Servicer Bonds.

What is the South Dakota Mortgage Lender/Servicer Bond amount?

The South Dakota Mortgage Lender/Servicer Bond amount is $25,000, $35,000, or $50,000 based on the dollar amount of mortgage loans originated, brokered, or serviced with respect to South Dakota property during the preceding calendar year.

How much does a South Dakota Mortgage Lender/Servicer Bond cost?

Jet pricing starts at $125 for one year or $13 monthly for the $25,000 Mortgage Lender/Servicer Bond. The $35,000 bond is $175 for one year, and the $50,000 bond is $249 for one year.

What is the South Dakota Mortgage Broker Bond amount?

The South Dakota Mortgage Broker Bond amount is $25,000, $35,000, or $50,000 based on South Dakota mortgage loan volume.

Does a South Dakota mortgage loan originator need a separate bond?

Not always. South Dakota requires each MLO to be covered by a surety bond, but the company bond can satisfy the requirement if the MLO is an employee or exclusive agent of a person subject to South Dakota mortgage law. Confirm the current NMLS checklist before purchasing separate MLO coverage.

Does a South Dakota Exempt Mortgage Company Registration require a bond?

Confirm the current South Dakota NMLS checklist. The registration is optional for exempt companies that employ individuals required to hold South Dakota MLO licenses, so the bond requirement may depend on MLO coverage and the company’s filing details.

What is the South Dakota Money Lender Bond amount?

The South Dakota Money Lender Bond amount is $10,000 for the first license plus $2,500 for each additional license.

How much does a South Dakota Money Lender Bond cost?

Jet pricing for a $10,000 South Dakota Money Lender Bond is $79 for one year, $8 monthly, $138 for two years, or $198 for three years.

When do South Dakota mortgage licenses renew?

South Dakota mortgage licenses expire on December 31. Renewal requests must be filed through NMLS by December 1 to avoid a late fee.

Who regulates South Dakota mortgage license bonds?

The South Dakota Division of Banking regulates South Dakota mortgage lender/servicer, mortgage broker, mortgage loan originator, exempt mortgage company, nonresidential mortgage lender, and money lender filings.

Who should I contact for South 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 South Dakota mortgage or money lender bond.

Get the South Dakota Bond Required for Your License

Start by choosing the South Dakota bond that matches your license, company record, South Dakota loan volume, MLO coverage, exempt mortgage company registration, nonresidential mortgage lender authority, money lender license, additional license count, or NMLS checklist. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.

South Dakota mortgage bond pricing starts at $125 for one year for a $25,000 mortgage bond. South Dakota Money Lender Bond pricing starts at $79 for one year for the $10,000 first-license bond.

Call: (855) 516-3348
Email: [email protected]

Get My South Dakota Bond Quote

Notary Bond Application:

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: