Skip Nav
Header Logo
  • 855-215-2160

North Carolina Mortgage Lender Bond

Bond Details

  • North Carolina Mortgage Lender Bond – $150,000 bond – $900 per year
  • North Carolina Mortgage Lender Bond – $250,000 bond – $1,500 per year
  • North Carolina Mortgage Lender Bond – $500,000 bond – $3,000 per year

Overview

Mortgage lenders are required to secure a surety bond during the licensing process overseen by the North Carolina Commissioner of Banks. This bond is designed to protect consumers who engage with the mortgage lender's services.

The specific bond amount varies based on factors such as the lender's loan volume and financial stability, ranging from $150,000 to $500,000. Mortgage lenders must maintain an active and valid bond throughout their licensing period. The NNA has secured premiums of $6 per $1,000 in liability for all North Carolina mortgage lenders to obtain this bond without a credit check.