{"id":21213,"date":"2022-09-29T11:00:11","date_gmt":"2022-09-29T16:00:11","guid":{"rendered":"https:\/\/www.suretybonds.com\/blog\/?p=21213"},"modified":"2026-01-27T14:45:41","modified_gmt":"2026-01-27T20:45:41","slug":"surety-bonds-added-to-nmls-electronic-filing","status":"publish","type":"post","link":"https:\/\/www.suretybonds.com\/blog\/surety-bonds-added-to-nmls-electronic-filing\/","title":{"rendered":"Surety Bonds Added to NMLS Electronic Filing"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Effective October 1st, 2022, the <\/span><a href=\"https:\/\/mortgage.nationwidelicensingsystem.org\/knowledge\/Products\/nmls\/stateresourcecenter\/SitePages\/Home.aspx\"><span style=\"font-weight: 400;\">Nationwide Multistate Licensing System<\/span><\/a> <span style=\"font-weight: 400;\">will accept three new surety bond types for NMLS electronic surety bond (ESB) filing.\u00a0<\/span><\/p>\n<h2><b>What new surety bonds will be filed electronically with the NMLS starting October 1st?<\/b><\/h2>\n<h3><strong>Rhode Island Debt Collector Registration License Bond<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/dbr.ri.gov\/\"><span style=\"font-weight: 400;\">Rhode Island Department of Business Regulation<\/span><\/a><span style=\"font-weight: 400;\"> established a new surety bond requirement for debt collectors working in the state. Governor Daniel McKee signed <a href=\"http:\/\/webserver.rilin.state.ri.us\/BillText\/BillText22\/SenateText22\/S2794.pdf\">Senate Bill 2794<\/a> into effect on June 29th, 2022. Debt collectors licensed in Rhode Island must now purchase and file a $50,000 surety bond to be filed within NMLS.<\/span><\/p>\n<h3><strong><a href=\"https:\/\/www.suretybonds.com\/states\/south-carolina\/mortgage-loan-broker-bond\">South Carolina Mortgage Broker License Bond<\/a><\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/consumer.sc.gov\/\"><span style=\"font-weight: 400;\">South Carolina Department of Consumer Affairs<\/span><\/a><span style=\"font-weight: 400;\"> enforces surety bond requirements for mortgage brokers working in the state. The bond guarantees mortgage brokers in South Carolina will adhere to the <a href=\"https:\/\/consumer.sc.gov\/business-resourceslaws\/licensing\/mortgage-broker\">Licensing of Mortgage Brokers Act, S.C. Code \u00a7 40-58-10 et seq.<\/a> and provide mortgage broker services to customers as contracted. The bond amount is determined by the principal&#8217;s prior year loan volume.\u00a0<\/span><\/p>\n<h3><strong>Texas Residential Mortgage Loan Servicer Registration License Bond<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.sml.texas.gov\/\"><span style=\"font-weight: 400;\">Texas Department of Savings and Mortgage Lending<\/span><\/a><span style=\"font-weight: 400;\"> enforces surety bond requirements for mortgage loan service providers working in the state. The bond guarantees mortgage brokers in Texas will adhere to the <a href=\"https:\/\/statutes.capitol.texas.gov\/docs\/FI\/htm\/FI.158.htm\">Residential Mortgage Loan Services Act Section Finance Code 158<\/a>. The bond amount is determined by the principal&#8217;s prior year loan volume.\u00a0<\/span><\/p>\n<h2><b>How does electronic surety bond filing change my bond?<\/b><\/h2>\n<p>No bond requirements or terms outlined in the legal language of each state&#8217;s bond form have changed.<span style=\"font-weight: 400;\"> The <a href=\"https:\/\/mortgage.nationwidelicensingsystem.org\/Pages\/ESBforNMLSLicensees.aspx\">NMLS Commonly Asked Questions<\/a> page clarifies you won&#8217;t need to change your new or existing bond documents for electronic filing.\u00a0<\/span><\/p>\n<p>This update makes the surety bond filing process quicker and easier for all involved parties. Surety providers will now file these surety bond types directly with the NMLS on behalf of their principal clients rather than the principal clients having to file the documentation themselves.<\/p>\n<p><span style=\"font-weight: 400;\">No additional fees are associated with electronic surety bond filing.<\/span><\/p>\n<h2><b>How does electronic surety bond filing change my license?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In addition to ESB filing, additional licensing information for these three professions will now be filed directly with NMLS as well.\u00a0<\/span><span style=\"font-weight: 400;\">If you&#8217;re unsure if you need an electronic surety bond for your license, you can visit the NMLS site to <\/span><span style=\"font-weight: 400;\">review requirements for your state.\u00a0<\/span><\/p>\n<h2><b>How do I know when new bonds are added to the NMLS ESB filing process?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To stay up-to-date on the surety industry\u2019s latest news, including the NMLS ESB filing process, <a href=\"https:\/\/www.suretybonds.com\/blog\/subscribe\/\">subscribe to our blog<\/a>. The NMLS also publishes news updates directly on its website.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Founded in 2009, SuretyBonds.com has streamlined the direct-to-consumer bonding experience by providing efficient, innovative, and informed surety bond solutions nationwide. <\/span><\/i><i><span style=\"font-weight: 400;\">If you need a surety bond for NMLS licensing purposes, you can <\/span><\/i><a href=\"https:\/\/www.suretybonds.com\/states\"><i><span style=\"font-weight: 400;\">find the NM<\/span><\/i><\/a><a href=\"https:\/\/www.suretybonds.com\/states\"><i><span style=\"font-weight: 400;\">LS bond you need online 24\/7<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> or call <\/span><\/i><b><i>1(800)308-4358<\/i><\/b><i><span style=\"font-weight: 400;\"> to speak with a surety expert about your NMLS bonding needs. <\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Effective October 1st, 2022, the Nationwide Multistate Licensing System will accept three new surety bond types for NMLS electronic surety bond (ESB) filing.\u00a0 What new surety bonds will be filed electronically with the NMLS starting&#8230;<\/p>\n","protected":false},"author":68,"featured_media":21216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"featured_image_src":"https:\/\/www.suretybonds.com\/blog\/wp-content\/uploads\/2022\/09\/Surety-Bonds-Added-to-NMLS-Electronic-Filing-October-1-2022.png","author_info":{"display_name":"Emily Willis","author_link":"https:\/\/www.suretybonds.com\/blog\/author\/emilywillis\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Surety Bonds Added to NMLS Electronic Filing | Surety Bond Insider<\/title>\n<meta name=\"description\" content=\"Effective October 1st, 2022, the Nationwide Multistate Licensing System (NMLS) will accept three new surety 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