The North Carolina Mortgage Lender/Servicer Bond is required by the North Carolina Commissioner of Banks. The bond is required to be in the amount of $150,000. The bond states that the bondholder and it’s officers, employees and agents should operate under Article 19A of Chapter 53 of the North Carolina General Statutes, the Mortgage Lending Act (“MLA”). Due to the amount of the bond, a surety will request business and personal financials in order to obtain the best quote for your bond. In order to find out the cost of the surety bond, all we need is the completed application.
The application for the license should be submitted through the NMLS website. The following documents must be prepared too.
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety Solutions Insurance Services, Inc. (Surety1) are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.