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District of Columbia bonds

District Of Columbia — Mortgage Dual Authority License (NMLS) Bond

Have a District of Columbia mortgage dual-authority bond request? Keep the combined company capacity in the application rather than choosing the broker-only or lender-only route.

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Recorded state
District of Columbia
Bond type
Mortgage Broker / Lender Bond
Category
Financial services

What this bond does

Provide the security described for the company's requested mortgage dual-authority license.

Who needs it
Businesses matching a District of Columbia mortgage dual-authority bond request.
Who it protects
The requested form identifies the licensing recipient and covered obligations; purchase does not guarantee loan performance.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Describe the combined operation

Identify the company that arranges loans and funds loans, with both activities described under its legal name and NMLS ID. Any servicing activity should also be disclosed rather than inferred from dual authority.

Use the combined request's sum and delivery instructions. Where NMLS electronic bonding applies, the company must complete the required signature and delivery steps after surety preparation.

Sources

Have these ready

  1. Company name and NMLS identifier.
  2. Dual-authority request and business activities.
  3. Required recipient, amount and effective date.

Questions about this bond

Should I purchase both single-role offerings?

Match the instrument requested. A dual-authority request should not automatically be converted into two separate purchases.

Where do I begin?

Purchase Now opens Propeller in a new tab for the application. Issuance, execution, delivery and license approval are distinct steps.

Does dual authority identify an individual MLO?

Use the company capacity in your licensing request. Purchasing this bond does not grant an individual originator license.

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