The Louisiana Mortgage Originator Surety Bond is required by the State of Louisiana Office of Financial Institutions. The bond can be required in either the amount of $25,000 or $50,000 for the year. The bond is to protect any persons who suffer any damage or loss as a result of the residential mortgage loan’s breach of contract or any obligation arising therefrom, or any any violation. Surety1 can write this bond as low as $188 a year.