Ohio — RMLA Residential Mortgage Lending Act Letter Of Exemption - NMLS Bond
Use the Ohio RMLA letter-of-exemption bond route when it matches your company's exemption instructions. An approved exemption letter and the company's bond are separate documents.
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- Recorded state
- Ohio
- Bond type
- Mortgage Lender / Banker Bond
- Category
- Financial services
What this bond does
Provide the security specified for the qualified exempt entity's RMLA request.
- Who needs it
- Entities with an Ohio RMLA letter-of-exemption company bond request.
- Who it protects
- The acceptable form identifies the licensing recipient and protected duties. A bond does not itself establish exempt status.
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
- Ohio Administrative Code 1301:8-7-14, effective September 1, 2024 (opens in a new tab)Checked October 22, 2026
- NMLS: gathering electronic surety bond requirements (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
- Entity legal and trade names, main office and NMLS ID.
- Exemption directions and company locations.
- Required aggregate sum and effective date.
Questions about this bond
Does purchasing issue the exemption letter?
No. The exemption approval is separate from the bond application and issuance.
Should an employee's name replace the entity?
Not for the company bond described by this rule. Individual security has its own naming requirements.
Where do I apply?
Purchase Now opens Propeller in a new tab. Complete the provider process, then execute and deliver the issued bond as instructed.