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Virginia bonds

Virginia — Mortgage Lender (NMLS) Bond

Use this Virginia mortgage lender bond route for the lending company in your request. If the request also names brokering, compare the separately listed combined broker/lender offering.

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Recorded state
Virginia
Bond type
Mortgage Lender / Banker Bond
Category
Financial services

What this bond does

Back the company's lending obligations under the requested Virginia bond form.

Who needs it
Virginia mortgage lending businesses preparing company security.
Who it protects
The named licensing recipient and protected claims follow the form; the bond does not guarantee the lender's loan receivables.

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.

Use the lender's company record

Enter the legal lending entity and its NMLS identifier, with any additional brokering or servicing activities disclosed. Keep employee licensing details separate from the company principal.

Use the lender instructions for the required amount and delivery. An NMLS license application and the electronic bond workflow, where required, have separate tasks.

Sources

Have these ready

  1. Lender company name and NMLS ID.
  2. Lending request and additional activities.
  3. Required sum and effective date.

Questions about this bond

Is this the combined broker/lender offering?

This title identifies lender only. Use the combined offering when that matches the actual requested instrument.

What happens after Purchase Now?

Propeller opens in a new tab for your application. Provider review, issuance and delivery are separate from Virginia's license approval.

Does a blank amount mean no security is needed?

No. This route has no fixed amount displayed. Use the sum in your licensing request.

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