Massachusetts — Mortgage Lender - NMLS Bond
Massachusetts mortgage lenders maintain a corporate bond sized to their Massachusetts loan business. The Division's bulletin sets a $100,000 minimum and $500,000 maximum.
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- Recorded state
- Massachusetts
- Bond type
- Mortgage Lender / Banker Bond
- Category
- Financial services
What this bond does
Secure the licensed lending company's duties under the Division's prescribed bond.
- Who needs it
- Companies applying for or holding a Massachusetts mortgage lender license.
- Who it protects
- The Commissioner uses the bond for residential-transaction consumer protection and specified past-due Division obligations.
Your bond option
This is the option on record for this bond.
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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
- Lender legal name and NMLS ID.
- Prior-year Massachusetts lending report information.
- Required sum, effective date and authorized signatory.
Questions about this bond
Does the minimum apply to every lender?
No. Use the applicable volume-based schedule and Division instructions. This page does not offer fixed amounts to substitute for that calculation.
Does this also satisfy the broker requirement?
The bulletin requires separate lender and broker corporate bonds when the company holds both licenses.
How do I start?
Purchase Now opens Propeller in a new tab. Complete the provider application before issuance, execution and NMLS delivery. Licensing approval is separate.