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South Carolina bonds

South Carolina — Mortgage Broker - NMLS Bond

Use this South Carolina mortgage broker bond route for the brokerage request in your licensing paperwork. It is separate from the qualified loan originator special deposit and the lender/servicer offering.

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Recorded state
South Carolina
Bond type
Mortgage Broker Bond
Category
Financial services

What this bond does

Provide security for the mortgage brokerage duties described in the requested licensing form.

Who needs it
South Carolina brokerage businesses preparing their requested company bond.
Who it protects
The requested broker form identifies the licensing recipient and protected claims; the bond does not approve loans or insure all borrower losses.

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.

Choose by the actual broker obligation

Keep the brokerage business as applicant and identify the broker class in your NMLS-related instructions. A request naming a qualified-originator special deposit is a different instrument.

Bring the broker form's required sum and effective date. Complete the provider application first, then follow the actual issuance, execution and regulator-delivery instructions.

Sources

Have these ready

  1. Broker company name and NMLS identifier.
  2. Broker request, named recipient and form.
  3. Requested amount and effective date.

Questions about this bond

Can I use the special deposit amount here?

Use the amount required for this broker request. The separate special-deposit form's stated sum does not establish the amount here.

What does Purchase Now open?

Propeller in a new tab for the bond application. Provider review and issuance follow; checkout does not complete the license or bond filing.

What if the request includes servicing?

Check the requested license and form against the separately named lender/servicer offering. Broker-only wording does not establish servicing security.

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