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Maryland
Exempt Company Registrant Bond

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Coverage Amount: $1,000 - $100,000
Term Length: 1 year
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Maryland Exempt Company Registration Bond Guide

If you’re an exempt company that employs mortgage loan originators (MLOs) in Maryland, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To protect the public if a sponsored MLO breaks registration laws
  • Who Needs It: Mortgage lending companies that are exempt from state licensing
  • Regulating Body: The Maryland Commissioner of Financial Regulation
  • Required Coverage: $1,000–$100,000
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide. 

What Is a Maryland Exempt Company Registration Bond?

In Maryland, some companies are exempt from mortgage licensing requirements. However, if they employ or sponsor mortgage loan originators (MLOs), an exempt company registration bond financially protects the public if an MLO breaks registration laws.

How Much Do Exempt Company Registration Bonds Cost?

Maryland exempt company registration bonds typically cost 1–10% of the required bond amount. 


Surety underwriters determine exact rates based on personal credit score. Apply for your free quote now!

Bond Type
$1,000-$100,000Exempt Company Registrant Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs an Exempt Company Registration Bond? 

Most Maryland banks and financial institutions that engage in residential mortgage lending for out-of-state properties can register as an Exempt Entity rather than getting a mortgage license. 

Businesses that employ state-licensed mortgage loan originators may register as Exempt Entities. 

However, the Maryland Commissioner of Financial Regulation still requires these entities to file a surety bond as financial protection for clients.

How Do I Get My Bond?

Working with SuretyBonds.com is the fastest and easiest way to get your Maryland exempt company registration bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll upload the electronic surety bond directly to NMLS on your behalf. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Maryland Exempt Company Registration Bond Work? 

An exempt company registration bond creates a financial contract between three parties: 

  1. Principal: You, the exempt company owner(s) filing the bond
  2. Obligee: The Maryland Commissioner of Financial Regulation requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding all applicable provisions of the Maryland Mortgage Lender Law and other state regulations. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your exempt company registration bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

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