Any person or entity seeking a license to engage in residential mortgage lending activity in Louisiana, including mortgage brokers, mortgage lenders, and mortgage servicers. Required when: Application for or renewal of a license under the Louisiana Residential Mortgage Lending Act. Exemptions: Exemptions are provided …
Overview
What it is.
Any person or entity seeking a license to engage in residential mortgage lending activity in Louisiana, including mortgage brokers, mortgage lenders, and mortgage servicers. Required when: Application for or renewal of a license under the Louisiana Residential Mortgage Lending Act. Exemptions: Exemptions are provided …
Who usually needs it
Any person or entity seeking a license to engage in residential mortgage lending activity in Louisiana, including mortgage brokers, mortgage lenders, and mortgage servicers.
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.
StateLABond amountThe bond amount is determined by the total dollar amount of the original outsta…Term lengthContinuousObligeeLouisiana Office of Financial InstitutionsRenewalThe bond remains in effect continuously but the amount must be adjusted annually during the license renewal period (November 1 through December 31) based on the licensee's reported loan volume from the previous calendar…Bond classLicense BondCategoryFinancial ServicesBondResidential Mortgage Lending Surety BondStatutory referenceLa. R.S. 6:1088JurisdictionState
