Any person desiring to transact the business of a mortgage loan broker in Delaware, which includes negotiating, arranging, or soliciting mortgage loans on behalf of borrowers for compensation. Required when: Application for a mortgage loan broker license. Exemptions: Persons acting as a mortgage loan broker for 5 or f…
Overview
What it is.
Any person desiring to transact the business of a mortgage loan broker in Delaware, which includes negotiating, arranging, or soliciting mortgage loans on behalf of borrowers for compensation. Required when: Application for a mortgage loan broker license. Exemptions: Persons acting as a mortgage loan broker for 5 or f…
Who usually needs it
Any person desiring to transact the business of a mortgage loan broker in Delaware, which includes negotiating, arranging, or soliciting mortgage loans on behalf of borrowers for compensation.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateDEBond amount$25,000Term lengthContinuousObligeeDelaware Office of the State Bank CommissionerRenewalThe bond is continuous in nature and remains in effect until cancelled. However, the mortgage loan broker license must be renewed annually through the NMLS.Bond classLicense BondCategoryOtherBondMortgage Loan Broker Surety BondStatutory reference5 Del. C. § 2108JurisdictionState
