North Carolina Finance and Mortgage Broker Bonds

North Carolina mortgage broker bonds are required for mortgage brokers to operate in the state. Learn more about these bonds and find the best rates online.
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North Carolina Finance and Mortgage Broker Bonds

North Carolina Department of Insurance Premium Finance Company Bond

North Carolina Department of Insurance Premium Finance Company Bond

The North Carolina Premium Finance Company Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
North Carolina Department of Insurance
Bond Premium
Bond Amount:
$5,000-$100,000
Bond Duration
Bond Term:
12
Months
North Carolina Department of Insurance Insurance Premium Finance Company Replacement Bond

North Carolina Department of Insurance Insurance Premium Finance Company Replacement Bond

The North Carolina Insurance Premium Finance Company Replacement Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
North Carolina Department of Insurance
Bond Premium
Bond Amount:
$5,000-$100,000
Bond Duration
Bond Term:
12
Months
North Carolina Department of the Secretary of the State Investment Advisor Bond

North Carolina Department of the Secretary of the State Investment Advisor Bond

The North Carolina Investment Advisor Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
North Carolina Department of the Secretary of the State
Bond Premium
Bond Amount:
$1-$50,000
Bond Duration
Bond Term:
12
Months
North Carolina Department of the Secretary of the State Securities Dealer Bond

North Carolina Department of the Secretary of the State Securities Dealer Bond

The North Carolina Securities Dealer Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
North Carolina Department of the Secretary of the State
Bond Premium
Bond Amount:
$1-$100,000
Bond Duration
Bond Term:
12
Months
North Carolina Office of the Commissioner of Banks Good Funds Settlement Agent Bond

North Carolina Office of the Commissioner of Banks Good Funds Settlement Agent Bond

The North Carolina Good Funds Settlement Agent Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
North Carolina Office of the Commissioner of Banks
Bond Premium
Bond Amount:
$1-$300,000
Bond Duration
Bond Term:
12
Months
State of North Carolina Loan Broker Bond

State of North Carolina Loan Broker Bond

The North Carolina Loan Broker Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
State of North Carolina
Bond Premium
Bond Amount:
$10,000
Bond Duration
Bond Term:
12
Months
State of North Carolina Mortgage Broker Bond

State of North Carolina Mortgage Broker Bond

The North Carolina Mortgage Broker Bond starts at $750 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
State of North Carolina
Bond Premium
Bond Amount:
$75,000-$250,000
Bond Duration
Bond Term:
12
Months
State of North Carolina Mortgage Lender Bond

State of North Carolina Mortgage Lender Bond

The North Carolina Mortgage Lender Bond starts at $2500 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
State of North Carolina
Bond Premium
Bond Amount:
$250,000-$500,000
Bond Duration
Bond Term:
12
Months
State of North Carolina Mortgage Servicer Bond

State of North Carolina Mortgage Servicer Bond

The North Carolina Mortgage Servicer Bond starts at $1500 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NC
Bond Terms
State of North Carolina
Bond Premium
Bond Amount:
$150,000
Bond Duration
Bond Term:
12
Months
United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond

United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond

The United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
US
Bond Terms
United States Trustee
Bond Premium
Bond Amount:
$1-$100,000
Bond Duration
Bond Term:
12
Months

What are North Carolina finance & mortgage broker bonds?

Finance and mortgage broker bonds are legally binding agreements between three parties:

The bonds provide a guarantee that licensed finance professionals conduct business in compliance with the regulations set forth in the North Carolina General Statutes

If the finance professional fails to comply with the regulations, the surety company will pay out financial losses to damaged parties up to the full bond amount. The finance professional is liable to reimburse the surety for any damages paid under the bond.

How much do North Carolina finance & mortgage broker bonds cost?

The North Carolina Commissioner of Banks requires mortgage brokers to post a surety bond as part of the licensing process. The required bond amount varies depending on the broker’s aggregate mortgage loan volume the previous year:

  • Less than $10 million in mortgage loans: $75,000 surety bond
  • Between $10 million and $50 million in mortgage loans: $125,000 surety bond
  • More than $50 million in mortgage loans: $250,000 surety bond

Mortgage lenders are required to post a surety bond worth $150,000 at minimum.

The required bond costs for other finance bonds in North Carolina are as follows:

  • Investment Advisor Bond: $35,000 Securities Division
  • Good Funds Settlement Agent Bond: $300,000 and upwards
  • Mortgage Servicer Bond: $150,000
  • Premium Finance Company Bond: Up to $25,000
  • Loan Broker Bond: $10,000
  • Securities Dealer Bond: Varies

The surety company issuing the bond determines your premium rate, which is the percentage of the total bond amount you pay as the premium. Premium rates for North Carolina finance and mortgage broker bonds typically cost between 1% and 5% of the total bond amount. EZSurety has issued mortgage broker bonds in North Carolina for premiums as low as $750.

During the application process, the surety company evaluates your personal credit, financial statements, industry experience, and licensing history. Applicants with good credit generally receive the lowest rates, however, bad credit will not prevent you from securing a North Carolina mortgage broker bond. EZSurety still offers competitive rates to individuals with low credit scores or other financial issues.

How to get your mortgage broker license in North Carolina?

To become a licensed mortgage broker in North Carolina, you must meet the following licensing requirements:

  1. Complete the criminal background check
  2. Submit your personal financial statements
  3. Provide a copy of your credit report
  4. Provide proof of three years of mortgage lending experience
  5. Submit your application through the Nationwide Multistate Licensing System & Registry (NMLS)
  6. Post the appropriate surety bond
  7. Pay the $1,250 licensing fees, $100 processing fee, and $36.25 background check fee

For information on obtaining other finance licenses in North Carolina, you can visit the NMLS Resource Center.

How to Know if You Need a Surety Bond

You’ll know if you need a surety bond because some entity will have required you to obtain one. They must also inform you of which specific bond type you’ll need. There are thousands of bonds across the country, all of which vary by state and industry.

Visit EZSuretyBonds.com to browse hundreds of bonds by state, type, or industry.

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