For the 2015 – 2016 session of the General Assembly, House Bill 105 has been introduced which would reduce the North Carolina mortgage broker surety bond requirements. Since the bond amounts were increased, a “knee jerk” response to significant losses years ago, it has been very difficult for many brokers to obtain bonding. The bill affects mortgage loan originators and transitional mortgage loan originators, each obligated to maintain surety bond coverage through their licensed employers. Upon passage of the bill, each volume level will enjoy a decrease of $50,000 to $100,000.

Another significant change for mortgage brokers/originators will be the new net worth requirements. Financial statements offered to evidence the broker’s net worth will no longer have to be audited. Also, the net worth value of at least four times the required surety bond amount will be removed. The licensee will certify that its net worth will be maintained at or above the statutory level at all times. If the licensee falls below the threshold then it must notify the Commissioner and to secure an appropriate mortgage broker bond to cover the deficit.

You may read the bill’s text at Questions about the mortgage origination/brokering requirements can be directed to the Commission as follows:

North Carolina Commissioner of Banks
Mortgage Broker Surety Bonds
316 W. Edenton Street
Raleigh, NC 27603

North Carolina surety leader, Surety One, Inc. is a specialist in the bonding needs of the mortgage loan brokers and originators.  We offer both the surety and fidelity bonds required of mortgage professionals in ALL fifty states, Puerto Rico and the U.S. Virgin Islands. Do you operate in multiple states?  View our state-by-state report of mortgage broker bond requirements here.  Visit us at, call (787) 333-0222 or (800) 373-2804, or email us at for an North Carolina mortgage broker surety bond application or information on ANY surety or fidelity bond need.