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Nevada
Covered Service Providers Bond

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Coverage Amount: $75,000 - $100,000
Term Length: 1 year
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Nevada Covered Service Provider Bond Guide

If you’re applying for a covered service provider license in Nevada, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure covered service providers uphold license requirements
  • Who Needs It: Covered service provider licensees in Nevada
  • Regulating Body: The Department of Business and Industry, Division of Mortgage Lending
  • Required Coverage: $75,000 or $100,000
  • Premium Rate: 1–10%, credit-based

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

What Is a Nevada Covered Service Provider Bond?

A Nevada covered service provider bond ensures that covered service providers uphold license requirements. 

Most licensees need a $75,000 bond as financial security. However, if you maintain trust accounts with an average six-month balance over $50,000 you’ll need a $100,000 bond instead.

How Much Do Covered Service Provider Bonds Cost?

Nevada covered service provider bonds cost a small percentage of the required coverage amount, typically 1–10%.


For example, the $75,000 bond starts at $750. Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$75,000Covered Service Providers Bond
$100,000Covered Service Providers Bondapplicant maintains trust accounts and the 6-month average balance in those accounts exceeds $50,000.00

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

Who Needs a Covered Service Provider Bond? 

The Nevada Department of Business and Industry, Division of Mortgage Lending requires this bond as part of the licensing process for covered service providers in the state.  

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Nevada covered service provider 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 email you the bond shortly after purchase. Be sure to file it with the Division of Mortgage Lending as instructed. 

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

How Does a Nevada Covered Service Provider Bond Work? 

A covered service provider bond creates a legal contract between these three parties: 

  1. Principal: You, the covered service provider filing the bond
  2. Obligee: The Nevada Department of Business and Industry, Division of Mortgage Lending requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Nevada Revised Statutes Chapter 645. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your covered service provider bond, simply pay your renewal invoice when prompted. 

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

More Resources

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