Two-Tier Company / Three-Tier Servicer
Company/Broker: $50K (≤$20M) / $75K (>$20M). Servicer: $100K / $200K / $300K by servicing volume. Commissioner determines initial and annual amounts from activity reports.
NV Division of Mortgage LendingNRS 645BSame-Day Issuance
Nevada Mortgage Company Surety Bond
Secure your Nevada mortgage company, banker, or servicer license with a surety bond from Surety One, Inc. — the nationwide leader in mortgage industry surety bonds. Mortgage company bonds $50,000 or $75,000. Servicer bonds $100,000 to $300,000. Premiums individually determined by credit and financial review.
NV Mortgage Company / Servicer Bond
$50K – $300K
By annual loan production • All MLOs named on bond • Premium based on credit
Company (≤$20M production)$50,000
Company (>$20M production)$75,000
Servicer (under $50M)$100,000
Servicer (≥$500M)$300,000
ObligeeState of Nevada
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a Nevada Mortgage Company Surety Bond?
A Nevada mortgage company surety bond is a corporate surety bond required by the Nevada Division of Mortgage Lending, under the Department of Business and Industry, as a condition of licensure under NRS 645B.042. In 2020, Nevada consolidated its former separate mortgage broker and mortgage banker licenses into the unified Mortgage Company License through amendments to NRS 645B.
Nevada is unique in requiring the bond to name both the mortgage company AND all mortgage loan originators employed by or associated with the company as principals on the bond. Each MLO must file proof of being named on the bond when applying for or renewing their license. The bond is payable to the State of Nevada for the use and benefit of any person who suffers damages from violations.
Nevada uses a simple two-tier system for mortgage company bonds based on annual loan production, and a three-tier system for mortgage servicer bonds. The Commissioner determines the initial bond amount based on expected loan production and adjusts it annually based on actual production.
The Three Parties
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Principal(s)The mortgage company AND all mortgage loan originators employed by or associated with the company — all named as principals on the same bond.
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ObligeeThe State of Nevada, through the Commissioner of Mortgage Lending — the bond is payable to the State for the benefit of injured persons.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principals' compliance with NRS 645B, 645E, and 645F.
All MLOs Named as Principals
Nevada's requirement that all mortgage loan originators be named as principals on the company's bond is unique. When you add or remove MLOs, the bond must be updated to reflect current personnel. Surety One handles bond riders for MLO changes promptly.
Bond Amount Schedule
Nevada Mortgage Bond Amounts by License Type
The Commissioner determines the initial bond amount based on expected annual loan production and adjusts it annually based on actual production from activity reports.
Mortgage Company / Broker (NRS 645B.042)
| Annual Loan Production | Bond Amount |
|---|---|
| $20,000,000 or less | $50,000 |
| Over $20,000,000 | $75,000 |
Mortgage Banker — Exempt Company Registration (NRS 645E / NAC 645E.323)
| Annual Loan Production | Bond Amount |
|---|---|
| $20,000,000 or less | $50,000 |
| Over $20,000,000 | $75,000 |
Mortgage Servicer (NAC 645F.970)
| Annual Mortgage Loan Servicing Volume | Bond Amount |
|---|---|
| Under $50,000,000 | $100,000 |
| $50,000,000 – $499,999,999 | $200,000 |
| $500,000,000 or more | $300,000 |
60-Day Cancellation = License Revocation
If the surety cancels the bond (60 days' certified mail notice required), the Commissioner immediately notifies the licensee that their license will be revoked unless an equivalent bond is furnished before the cancellation date. This makes continuous bond coverage essential. Apply now or call (800) 373-2804.
Nevada Licensing Requirements
Key Bond & Licensing Requirements
Nevada's mortgage regulatory framework features the unique requirement that all MLOs be named on the company bond and a rigorous enforcement mechanism tying license status directly to bond status.
Division of Mortgage Lending
Under the NV Department of Business and Industry. Phone: (702) 486-0782 (Las Vegas) / (775) 684-7060 (Carson City). Email: MLDinfo@mld.nv.gov. Bond payable to the State of Nevada.
Three NRS Chapters
NRS 645B (mortgage companies/brokers), NRS 645E (mortgage bankers), NRS 645F / NAC 645F (mortgage servicers). Bond form MLD Form 202. 2017 amendments consolidated license types effective 2020.
Net Worth + Experience
Minimum net worth $25,000 to $250,000 depending on average monthly balance. Must demonstrate 2 years of experience in real estate mortgage lending within the preceding 5 years. Qualified employee designation required.
NMLS ESB Only
Only electronic surety bonds are accepted. Filed through the NMLS. All MLOs must be named as principals on the company bond and file proof of coverage with each license application or renewal.
60-Day Cancellation
Surety must give 60 days' written notice by certified mail. License revoked if equivalent bond not furnished before cancellation date. Continuous bond — remains in force until released by Commissioner or canceled. December 31 renewal.
Consumer Protection
What Does This Bond Protect Against?
The Nevada mortgage company surety bond protects the public from violations of mortgage lending law. The bond covers:
NRS 645B/645E/645F Violations
Any violation of the provisions of NRS 645B, 645E, or 645F and regulations adopted pursuant thereto by the mortgage company, its mortgage loan originators, or its employees.
Fraud & Dishonesty
Fraud, dishonesty, misrepresentation, concealment of material facts, or any other type of violation that results in harm, damages, or losses to any person.
Pro Rata Distribution
If the bond is insufficient to pay all claims in full, claims are paid on a pro rata basis. Partial payment is not full payment — claimants may sue the company for any unpaid balance.
Interpleader Action
The surety may bring an action for interpleader against all claimants, with notice published in a newspaper of general circulation in the county of the principal's place of business. Surety may deduct costs including attorney fees.
How It Works
Get Your Nevada Mortgage Company Bond in 4 Steps
Surety One makes obtaining your Nevada mortgage company surety bond fast and straightforward. Most bonds are issued the same business day.
Apply Online
Complete our mortgage bond application online or call us at (800) 373-2804. There's no cost and no obligation.
Get Your Quote
Our underwriters review your application and provide a 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. We prepare the bond naming the company and all MLOs as principals.
Filed via NMLS
Surety One files your Electronic Surety Bond through the NMLS. Your bond is deposited with the Commissioner and your license application moves forward.
Understanding Your Premium
How Is My Premium Determined?
Your premium — the actual amount you pay — is a percentage of your required bond amount. You do not pay the full bond amount. Your rate is individually determined through underwriting review.
| Underwriting Factor | How It Affects Your Premium |
|---|---|
| Required Bond Amount | Your annual loan production determines the tier ($50K/$75K company, $100K–$300K servicer). Higher amounts result in higher premiums. |
| Personal Credit Score | Your FICO score is a primary factor. Stronger credit profiles generally qualify for lower premium rates. |
| Financial Condition | Your net worth, liquidity, and overall financial stability. NV requires net worth of $25K–$250K depending on balance levels. |
| Industry Experience | NV requires 2 years of mortgage lending experience in the past 5 years. Your history may further influence underwriting terms. |
| Claims History | Any prior surety bond claims or regulatory actions may influence the terms offered. |
Every Applicant Receives a Personalized Quote
Because premiums are individually determined, the only way to know your exact cost is to apply. Surety One provides free, no-obligation quotes — and we decline no application. We offer non-standard programs for applicants with impaired or limited credit. Apply now or call (800) 373-2804.
Common Questions
Nevada Mortgage Company Bond FAQ
NV mortgage company bonds are $50,000 (annual production ≤$20M) or $75,000 (>$20M). Servicer bonds range from $100,000 to $300,000. Your premium is a percentage of the required amount, individually determined by credit, financials, and underwriting review. Apply for a free, no-obligation quote from Surety One.
Yes, and they must be named. Nevada requires the corporate surety bond to name both the mortgage company and all MLOs as principals. Each MLO must file proof of being named on the bond at each license application or renewal. When you add or remove MLOs, the bond must be updated with a rider.
Nevada requires 60 days' written notice by certified mail from the surety to the Commissioner. Upon receipt, the Commissioner immediately notifies the licensee that their license will be revoked unless an equivalent bond is furnished before the cancellation date. This is one of the strongest enforcement mechanisms of any state.
If the bond is insufficient to pay all claims in full, claims are paid on a pro rata basis. Partial payment is not considered full payment, and claimants may bring an action against the mortgage company for any unpaid balance. The surety may also bring an interpleader action against all claimants.
Mortgage companies (formerly brokers) arrange loans between borrowers and lenders under NRS 645B. Mortgage bankers originate and fund loans using their own resources under NRS 645E. Bankers apply for an Exempt Company Registration and post their own bond. Both use the NMLS and have the same bond tier structure.
Yes. Surety One declines no application. We offer non-standard surety bond programs for applicants with impaired credit, limited credit history, or other underwriting challenges. Premium rates for non-standard credit will be higher, but we work to find terms that fit each applicant's situation.
Yes. Under NAC 645E.323, a mortgage banker's bond may fulfill a mortgage agent's individual bond requirement under NRS 645B, provided the bond expressly covers the mortgage agent as a principal and names all agents employed by or associated with the banker as principals.
Nevada mortgage company licenses must be renewed by December 31 each year. The renewal season opens November 1. The bond is continuous and does not necessarily run concurrently with the license period — it remains in force until released by the Commissioner or canceled by the surety with 60 days' certified mail notice.
The Surety One Advantage
Why Choose Surety One, Inc.?
Surety One is a national surety leader specializing in the bonding needs of mortgage professionals across all 50 states, Puerto Rico, and the U.S. Virgin Islands.
NV MLO-Named Bond Experts
Nevada's requirement that all MLOs be named as principals demands a surety experienced with bond riders for personnel changes. We handle MLO additions and removals promptly to keep your bond current.
Same-Day Issuance
Most Nevada mortgage company bonds are issued the same business day. Our 24/7/365 underwriting team provides guaranteed same-day feedback on every submission.
A+ BBB Rated
Surety One carries an A+ rating with the Better Business Bureau in both our U.S. and Puerto Rico offices, reflecting our commitment to client satisfaction and ethical practices.
All Credit Accepted
We decline no application. Our non-standard programs provide access to bonding for applicants with damaged or limited credit histories. Everyone gets a fair review.
Multi-State Expertise
Operating in multiple states? We streamline your bonding across all 50 states with a single point of contact, ensuring compliance with each state's unique requirements.
Free Quotes, No Obligation
Application review and quoting are always free. There is no obligation to purchase. Contact us by phone, email, or live chat to explore your options.
