Massachusetts — Mortgage Broker NMLS Bond
Massachusetts requires licensed mortgage brokers to maintain a $75,000 corporate surety bond. Prepare the brokerage's legal name and NMLS details for the Propeller application.
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- Recorded state
- Massachusetts
- Bond type
- Mortgage Broker Bond
- Category
- Financial services
What this bond does
Secure the licensed broker's obligations under the Division of Banks' prescribed bond.
- Who needs it
- Businesses applying for or holding a Massachusetts mortgage broker license.
- Who it protects
- The Commissioner of Banks uses the bond for consumer protection in residential property transactions and specified past-due Division obligations.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
- Massachusetts Division of Banks: Regulatory Bulletin 5.2-101 (opens in a new tab)Checked October 22, 2026
- NMLS: executing a bond (opens in a new tab)Checked October 22, 2026
Have these ready
- Broker legal name and company NMLS ID.
- Broker request and any existing bond details.
- Required effective date and company signatory.
Questions about this bond
Can my lender bond replace this one?
The Division bulletin calls for two company bonds when both licenses are held: a broker bond and a separately sized lender bond.
Is the broker bond continuous?
Yes. The bulletin requires continuous duration. Maintain the required security without treating the license renewal as a new bond's automatic delivery.
Where do I apply?
Purchase Now opens Propeller in a new tab. Provider review and issuance precede company execution and NMLS delivery; purchase does not approve the license.