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Ohio
Third Party Processing and/or Underwriting Company Bond

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Coverage Amount: $50,000
Term Length: 1 year
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Ohio Third-Party Processing Company Bond Guide

If you’re applying for a third-party processing or underwriting company license in Ohio, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To protect clients and the state if a processing or underwriting company breaks license laws
  • Who Needs It: Third-party processing and/or underwriting companies
  • Regulating Body: The Ohio Division of Financial Institutions
  • Required Coverage: $50,000
  • Premium Rate: $375–$1,000, credit-based

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

What Is an Ohio Third-Party Processing Company Bond?

A third-party processing and/or underwriting company bond holds businesses responsible for upholding the Ohio Residential Mortgage Lending Act.

The Ohio Division of Financial Institutions requires this bond as part of the licensing process for third-party processing and/or underwriting companies in the state. 

How Much Do Third-Party Processing Company Bonds Cost?

Ohio third-party processing and/or underwriting company bonds cost a small percentage of the coverage amount, typically $375–$1,000.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$50,000Third Party Processing and/or Underwriting Company Bond

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

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Ohio third-party processing and/or underwriting company 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 bond instantly to NMLS on your behalf. 

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

How Does an Ohio Third-Party Processing Company Bond Work? 

A third-party processing and/or underwriting company bond creates a legal contract between these three parties: 

  1. Principal: The third-party processing and/or underwriting company owners filing the bond
  2. Obligee: The Ohio Division of Financial Institutions requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding Utah license laws and 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 must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your third-party processing and/or underwriting company 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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