Mortgage companies (including mortgage brokers) and mortgage loan originators (who must be named as principals on the bond). Required when: As a condition to doing business in the State of Nevada and obtaining a mortgage company license. Exemptions: Depository institutions (banks, savings and loan associations, credit…
Overview
What it is.
Mortgage companies (including mortgage brokers) and mortgage loan originators (who must be named as principals on the bond). Required when: As a condition to doing business in the State of Nevada and obtaining a mortgage company license. Exemptions: Depository institutions (banks, savings and loan associations, credit…
Who usually needs it
Mortgage companies (including mortgage brokers) and mortgage loan originators (who must be named as principals on the bond).
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNVBond amount$50,000 for an annual loan production of $20,000,000 or less; $75,000 for an an…Term lengthContinuousObligeeNevada Department of Business and Industry, Division of Mortgage LendingRenewalThe bond must be kept in full force and effect. Proof of being named as a principal on the bond is required at the time of license renewal through the Nationwide Multistate Licensing System (NMLS).Bond classMiscellaneous CommercialCategoryFinancial ServicesBondCorporate surety bondStatutory referenceNRS 645B.042JurisdictionState
