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Nebraska Mortgage Banker Bond

Bond Requirements and Online Application

The Nebraska Mortgage Banker Bond is required by the Nebraska Department of Banking & Finance.

Residential Mortgage Loan Servicer Bond

The Nebraska Mortgage Banker Bond ensures that the Principal will conduct business in compliance with the Residential Mortgage Licensing Act, Nebraska Revised Statutes Sections 45-701 to 45-754. The bond also ensures that the Principal will satisfy any loss or damage if the he or she violates the Residential Mortgage Licensing Act.

The required bond amount is $100,000. 

The price for the bond, also known as the bond premium, is only a small fraction of the bond amount. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.

Valid: Renewable

The bond shall remain in force until released by the Director or until cancelled. A written notice of cancellation must be filed with the Director 30 days prior to the cancellation date.

Licensing Fees and Requirements:

  • Surety bond
  • Application through NMLS
  • Disclosure questions
  • Certificate of Authority or Good Standing
  • $400 application fee
  • Financial reports

All licensing fees are required by the obligee, not the surety company. Licenses must be renewed annually on December 31st.

CLICK HERE for additional licensing information from the Nebraska Department of Banking and Finance

APPLY for this bond and get a free quote here 

 

 

How to Get Your Nebraska Mortgage Banker Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Nebraska Mortgage Banker Bond!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

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