New Jersey — Correspondent Residential Mortgage Lender - Individual Or Partnership Bond
Applying for a New Jersey correspondent residential mortgage lender bond as an individual or partnership? Keep both the correspondent license class and your legal business structure clear when you apply.
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- Recorded state
- New Jersey
- Bond type
- Mortgage Lender / Banker Bond
- Category
- Financial services
What this bond does
Secure compliance with New Jersey's Residential Mortgage Lending Act and the obligations in its bond form.
- Who needs it
- Individual or partnership applicants with a correspondent residential mortgage lender bond request.
- Who it protects
- The form names the State of New Jersey for the benefit of persons injured by specified business misconduct and secures money owed to the state.
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
- New Jersey DOBI: Residential Mortgage Lending Act bond, RMLABOND1118 (opens in a new tab)Checked October 22, 2026
Have these ready
- Full applicant or partner names and any business name.
- Principal office address and correspondent license details.
- Requested amount, effective date and authorized signers.
Questions about this bond
Does individual mean an employee's MLO license?
Here it describes the business applicant's structure. The form distinguishes that from the license class; use your correspondent business request.
How do I apply?
Purchase Now opens Propeller in a new tab. Complete the bond application there. Issuance, execution, filing and license approval remain separate steps.
Is the bond for a fixed one-year term?
DOBI's published form continues indefinitely subject to cancellation. Match your licensing instructions; this page offers no fixed term selection.