Washington Regulated Loan/Consumer Loan Company Surety Bond

All consumer loan licensees conducting origination, lending, or student loan servicing activities are required to have a surety bond issued in the Nationwide Mortgage Licensing System (NMLS). The amount of the bond varies by activity and ranges from $30,000 to $150,000. The NNA has secured premiums of $6 per $1,000 in liability for all Washington mortgage brokers to obtain this bond without a credit check.