The Ohio Mortgage Lending Act Bond is a type of surety bond and is required by the Ohio Department of Commerce, Division of Financial Institutions and administered through the Nationwide Mortgage Licensing System (NMLS). The bond amount varies, with the minimum being $50,000 to a maximum of $150,000. Scroll down for more information.  The cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Ohio Mortgage Lending Act Bond

All states, one application. At we strive make it easy to apply for this surety bond:

  1. Apply for the bond using our secure and easy to navigate online application. 1
  2. Review your free, no obligation quote from one of our professional surety bond agents, usually within 1 business day. 2
  3. Sign some paperwork and make payment.

That’s it. represents over a dozen surety companies to provide the bond at a competitive rate. Once these 3 steps have been completed your bond will be filed electronically with the NMLS.

The name of the applicant on the surety bond application must match exactly the Full legal business name of applicant for the license.
2 Occasionally, additional underwriting information will be required by the surety companies prior to providing a quote. Your professional bond agent will assist with this request.   

Contact Surety1 is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. is the premier online provider of surety bonds nationwide since 2003. We also maintain an A+ rating from the Better Business Bureau.

Who Needs this license?

This license is required for non-exempt persons engaging in mortgage lending, mortgage brokering, or mortgage servicing as defined in O.R.C. Chapter 1322.  The Ohio Mortgage Broker Act Surety Bond ensures that the principleOhio Mortgage Lending Act Bond (licensee) will abide by Ohio state laws and regulations, especially the provisions outlined by the Ohio Mortgage Broker Act, Truth in Lending Act, and National Mortgage Lending System. The license application is filed with the Nationwide Mortgage Licensing System (NMLS). The license authorizes the following activities within the state of Ohio:

  • First mortgage brokering
  • Second mortgage brokering
  • First mortgage lending
  • Second mortgage lending
  • First mortgage servicing
  • Second mortgage servicing
  • Manufactured housing financing
  • Reverse mortgage brokering
  • Reverse mortgage lending
  • Mortgage Lead generation
  • Mortgage loan modifications

Ohio issues PDF licenses by email for this license type.

Required Surety Bond Amount

Note, it is  the responsibility of the mortgage company to ensure the bond is current and accurate at all times throughout licensure. If any changes are required in the bond, the company must contact the agent that provided the surety bond. provides a simple, online portal to request changes in your surety bond.  The Ohio Mortgage Lending Act Bond amount varies by the amount of mortgage originations conducted in the state and is as  follows:

Amount of Mortgage Originations   Surety Bond Amount
$0.00 to $10,000,000.00  $50,000
$11,000,000.00 to $12,000,000.00 $60,000
$13,000,000.00 to $14,000,000.00 $70,000
$15,000,000.00 to $16,000,000.00 $80,000
$17,000,000.00 to $18,000,000.00 $90,000
$19,000,000.00 to $20,000,000.00 $100,000
$21,000,000.00 to $22,000,000.00 $110,000
$23,000,000.00 to $24,000,000.00 $120,000
$25,000,000.00 to $26,000,000.00 $130,000
$27,000,000.00 to $28,000,000.00 $140,000
$29,000.000.00 to $30,000.000.00 $150,000
$30,000,000.00  or more $150,000

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. While the bond is filed electronically with the NMLS, a Surety Bond Declaration and Company Resolution must be manually uploaded to the NMLS. Company Resolution is not necessary for sole proprietors, mortgage loan originators, or if the designee is on file as having previously been given authority to submit documents on behalf of the company.

Licensing Fees and Requirements:

  • Ohio Mortgage Lending Act Bond
  • Business office
  • Pass an exam
  • Licensing fees (Paid to the NMLS)
  • Independent credit report
  • Personal history and experience

All licensing fees are required by the obligee, not the surety company.

Click to Visit our State-by-State Guide to Mortgage industry Surety Bonds  

Ohio Mortgage Lending Act Bond

How to Get Your Ohio Mortgage Lending Act 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 Surety 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

Surety Bond Experts

Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

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