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Maryland bonds

Maryland — Mortgage Lender Licensee (NMLS) Bond

Maryland's mortgage lender category includes lending, brokering and servicing. Prepare this licensee bond application for the company and activities in your actual Maryland request.

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Recorded state
Maryland
Bond type
Mortgage Lender / Banker Bond
Category
Financial services

What this bond does

Provide security for the duties specified in the Maryland mortgage lender licensee bond form.

Who needs it
Businesses matching a Maryland mortgage lender licensee bond request.
Who it protects
The requested form names the licensing recipient and protected obligations; this is not insurance for every loan or servicing loss.

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 all Maryland mortgage activities

Maryland Financial Regulation defines mortgage lender broadly rather than limiting the class to the company funding a loan. Identify brokering and servicing too where they form part of your operation.

The license is for the principal executive office and applications use NMLS. Keep that office and company identity consistent with the bond request, then follow its separate execution and delivery instructions.

Sources

Have these ready

  1. Company legal name, NMLS ID and principal executive office.
  2. Lending, brokerage and servicing activities.
  3. Current licensee bond request, required sum and effective date.

Questions about this bond

Is a brokerage excluded by the lender title?

Not from Maryland's broad definition. Match the specific company and form in your license request.

What if the company is exempt?

Maryland has a separate exempt registration route. Consult its Licensing Unit before applying for that registration rather than treating this licensee bond as equivalent.

How do I apply for the bond?

Purchase Now opens Propeller in a new tab. Review, issuance and regulatory delivery come separately from Maryland's licensing decision.

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