- License and Permit Bonds/
- Mortgage License Bonds/
- North Dakota Residential Money Broker Bond
North Dakota Residential Money Broker Bond
Bond Details
North Dakota Residential Money Broker Bond – $50,000 bond – $500 per year
Overview
The New Residential Mortgage Lender License and Branch Registration require North Dakota residential mortgage lenders to obtain a surety bond of $50,000 as part of their licensing process. This bond amount serves as a financial safeguard for consumers in case the lender engages in fraudulent, unethical, or non-compliant activities. The NNA has secured a $500 flat rate for residential mortgage brokers and lenders in North Dakota.