By License Type & Volume
Broker $25K. Lender $50K–$200K by volume. MLO $25K initial, adjusted by volume. Commissioner may increase. Unlimited DBAs/trade names.
DE State Bank CommissionerDE Code Title 5Same-Day Issuance
Delaware Mortgage Broker Surety Bond
Secure your Delaware mortgage broker, lender, or originator license with a surety bond from Surety One, Inc. Broker bonds $25,000, lender bonds $50,000–$200,000 by volume. Commissioner may increase. Premiums individually determined.
DE Mortgage Bond
$25K – $200K
By license type & volume • 2-year claims window • Premium based on credit
Mortgage Broker$25,000
Licensed Lender (min)$50,000
Licensed Lender (max)$200,000
MLO (volume-based)$25,000+
ObligeeDE State Bank Commissioner
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a Delaware Mortgage Broker Surety Bond?
A Delaware mortgage broker surety bond is required by the Office of the State Bank Commissioner as a condition of licensure under Delaware Code Title 5 (Chapters 21 and 22 for brokers and lenders, Chapter 24 for MLOs).
Delaware uses separate bond amounts by license type: $25,000 for mortgage brokers, $50,000–$200,000 for licensed lenders (based on prior-year loan volume), and volume-based amounts for individual MLOs. The Commissioner may increase any bond amount based on particular circumstances.
Delaware features a 2-year claims window after bond cancellation — the Commissioner has 2 calendar years after effective cancellation to submit claims to the insurer. Surety claims are paid to the Office of the State Bank Commissioner, who may publish notice to identify all relevant claimants when multiple consumers are injured.
The Three Parties
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PrincipalThe mortgage broker, lender, or originator who purchases the bond and must comply with Delaware Code Title 5.
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ObligeeThe State of Delaware, Office of the State Bank Commissioner — the bond runs to the State for the benefit of the Commissioner and all consumers injured by wrongful acts.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principal's compliance with Delaware mortgage licensing law.
2-Year Post-Cancellation Claims Window
Delaware gives the Commissioner 2 calendar years after bond cancellation to submit claims to the insurer. Claims paid after 90 days are subject to daily interest at the legal rate. The Commissioner may also publish notice to identify all relevant claimants.
Bond Amount Requirements
Delaware Mortgage Bond Amounts
| License Type | Bond Amount |
|---|---|
| Mortgage Loan Broker | $25,000 |
| Licensed Lender (minimum) | $50,000 |
| Licensed Lender (maximum) | $200,000 |
| MLO (initial) | $25,000 |
| MLO (volume-based, adjusted annually) | Varies |
Delaware Licensing Requirements
Key Bond & Licensing Requirements
State Bank Commissioner
DE Office of the State Bank Commissioner. Phone: (302) 739-4235. Bond for benefit of Commissioner and injured consumers. Claims paid to Commissioner.
DE Code Title 5, Ch. 21/22/24
Chapter 21 (Mortgage Brokers), Chapter 22 (Licensed Lenders), Chapter 24 (MLOs). Administrative Code Title 5, § 2401-12.0 (MLO bond details).
Financial Statements Required
Past 6 months detailed business and personal financials. Balance sheet and income statement. Supervisory Assessment and FinCen Disclosure forms.
NMLS + Email to Commissioner
NMLS ESB for company licenses. Some documents emailed to Commissioner. 30-day cancellation notice. MLOs may use employer's bond if sufficient.
December 31 / 2-Year Tail
December 31 renewal. 30-day cancellation. 2-year post-cancellation claims window. Surety must pay claims within 90 days or face daily interest. New bond upon action commenced.
Consumer Protection
What Does This Bond Protect Against?
Title 5 Compliance
Compliance with all provisions of Delaware Code Title 5 governing mortgage brokers, lenders, and originators.
Consumer Injury Coverage
The bond covers all consumers injured by any wrongful act, omission, default, fraud, or misrepresentation by the licensee. Not payable for business creditor or third-party provider claims.
2-Year Claims Window
The Commissioner has 2 calendar years after bond cancellation to submit claims. Claims paid after 90 days accrue daily interest at the legal rate.
Multi-Claimant Protection
When multiple consumers are injured, the Commissioner publishes notice to identify all relevant claims, ensuring equitable distribution.
How It Works
Get Your Delaware Mortgage Broker Bond in 4 Steps
Apply Online
Complete our application online or call (800) 373-2804. Free and no obligation.
Get Your Quote
Competitive premium quote typically within hours. We work with all credit profiles.
Purchase & Sign
Accept your quote, complete the indemnity agreement, and pay your premium.
Filed via NMLS
Surety One files your Electronic Surety Bond through the NMLS.
Understanding Your Premium
How Is My Premium Determined?
Your premium is a percentage of your required bond amount, individually determined. You do not pay the full bond amount.
| Underwriting Factor | How It Affects Your Premium |
|---|---|
| Required Bond Amount | Higher amounts result in higher premiums. |
| Personal Credit Score | Primary factor. Stronger credit = lower rates. |
| Financial Statements | May be required for larger bonds. |
| Industry Experience | Influences risk assessment. |
| Claims History | Prior claims may affect terms. |
Every Applicant Receives a Personalized Quote
Surety One provides free, no-obligation quotes — we decline no application. Apply now or call (800) 373-2804.
Common Questions
Delaware Mortgage Broker Bond FAQ
DE broker bonds are $25,000. Lender bonds are $50,000–$200,000 by volume. MLO bonds are $25,000 initial, adjusted annually. Premium individually determined by credit.
Delaware gives the Commissioner 2 calendar years after bond cancellation to submit claims. Claims paid after 90 days accrue daily interest at the legal rate.
Yes. MLOs who are employees or exclusive agents of a licensed broker or lender can use the employer's bond, provided it meets the minimum amount based on total annual DE loan volume of all covered MLOs.
No. Delaware does not limit the number of DBAs or trade names used, unlike some states that require separate bonds per DBA.
The DE Office of the State Bank Commissioner requires the bond under Delaware Code Title 5. Phone: (302) 739-4235.
Yes. Surety One declines no application. Delaware's $25,000 broker bond is accessible for most applicants.
Delaware mortgage licenses expire December 31 each year. 30-day cancellation notice required. 2-year post-cancellation claims period.
The Surety One Advantage
Why Choose Surety One, Inc.?
DE Multi-License Specialists
Delaware's separate broker, lender, and MLO bond requirements demand experienced surety underwriting. We handle all DE mortgage bond types.
Same-Day Issuance
Most Delaware mortgage bonds are issued the same business day.
A+ BBB Rated
Surety One carries an A+ rating with the Better Business Bureau.
All Credit Accepted
We decline no application. Delaware's $25,000 broker bond is among the most accessible.
Mid-Atlantic Expertise
Operating in Delaware and the broader Mid-Atlantic corridor? We streamline bonding across all 50 states.
Free Quotes, No Obligation
Application review and quoting are always free.
