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North Carolina
Mortgage Broker, Lender or Servicer Bond

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Coverage Amount: $75,000 - $500,000
Term Length: 1 year
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What Is a North Carolina Mortgage License Bond?

Residential mortgage brokers, lenders and servicers need to purchase surety bonds as part of the North Carolina licensing process. Mortgage license bonds ensure that any consumers who are wronged in the process of a mortgage transaction have a means of compensation for unjustified financial losses. 

How Much Do North Carolina Mortgage Broker, Lender or Servicer Bonds Cost?

Your mortgage lender license bond amount will be determined by the bond type and the cash value of mortgage loans managed per year. 

$75,000 North Carolina mortgage broker bonds start at $562, or 0.75% of the bond amount. Mortgage servicer and lender premium rates are typically issued at a rate of 1–2% of the bond total for applicants with strong credit. Use the table below to find the bond you need and request a free quote:

Bond Type
$75,000Mortgage Broker Bondloans between $0 and $10,000,000
$125,000Mortgage Broker Bondloans between $10,000,001 and $50,000,000
$250,000Mortgage Broker Bondloans exceed $50,000,000
$150,000Mortgage Lender BondUp to $10,000,000 in mortgage lending
$250,000Mortgage Lender Bond$10,000,001-$50,000,000 in mortgage lending
$250,000Mortgage Lender Bond$50,000,001+ in mortgage lending
$150,000Mortgage Servicer Bond Up to $10,000,000 in loan servicing
$250,000Mortgage Servicer Bond $10,000,001-$50,000,000 in loans serviced
$500,000Mortgage Servicer Bond $50,000,001+ in loans serviced

If you work as a mortgage professional in several states, we offer mortgage industry license bonds nationwide. 

How Do I Get a Mortgage License Bond in North Carolina?

With SuretyBonds.com, you can get your North Carolina mortgage broker, lender or servicer bond in just three easy steps:

  1. Apply for your surety bond online.
  2. Receive a free quote within one business day. 
  3. Checkout on our secure, online portal. 

That’s it! We’ll file your official bond directly with the NMLS and provide an email copy for your records. 

How Do North Carolina Mortgage Professional License Bonds Work?

Mortgage broker, lender and servicer bonds in North Carolina protect the public from unlawful lending practices such as: 

  • Employing a scheme, artifice or device to defraud
  • Failing to disburse funds
  • Delaying the close of a mortgage loan to increase fees, costs and interest
  • Obtaining property by misrepresentation
  • Failing to make disclosures
  • Failing to comply with federal laws 

If the bonded principal creates unjust financial harm for a consumer, the surety will cover damages up to the full bond amount. Then, the principal must reimburse the surety.

How to Become a Mortgage Broker in North Carolina

Mortgage brokers, lenders and servicers in North Carolina must be licensed with the Commissioner of Banks. Licensees must meet the following minimum requirements: 

  • Be at least 18 years of age
  • Fill out an application with the Commissioner of Banks
  • Pay $1,338 in application fees
  • File a $75,000 surety bond

More Resources 

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