Mortgage bankers and mortgage brokers applying for or holding a mortgage lender license in Oregon. Required when: Application for a mortgage banker or mortgage broker license. Exemptions: Exemptions may apply to certain financial institutions (banks, credit unions) or persons specifically exempted under ORS 86A.100 to…
Overview
What it is.
Mortgage bankers and mortgage brokers applying for or holding a mortgage lender license in Oregon. Required when: Application for a mortgage banker or mortgage broker license. Exemptions: Exemptions may apply to certain financial institutions (banks, credit unions) or persons specifically exempted under ORS 86A.100 to…
Who usually needs it
Mortgage bankers and mortgage brokers applying for or holding a mortgage lender license in Oregon.
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.
StateORBond amountThe bond amount is based on the dollar volume of Oregon residential mortgage lo…Term lengthContinuousObligeeOregon Department of Consumer and Business Services, Division of Financial RegulationRenewalThe bond must be renewed or replaced each calendar year through the Nationwide Multistate Licensing System (NMLS) during the annual license renewal period (November 1 to December 31).Bond classMiscellaneous CommercialCategoryFinancial ServicesBondCorporate Surety BondStatutory referenceORS 86A.106JurisdictionState
