Minimum + Commissioner Increase
Broker: $50K minimum. Banker/Servicer: $100K minimum. Commissioner may increase based on MLO loan volumes. Bond coverage must reflect origination activity.
NH Banking DepartmentRSA 397-A:5Same-Day Issuance
New Hampshire Mortgage Broker Surety Bond
Secure your New Hampshire mortgage broker, banker, or servicer license with a surety bond from Surety One, Inc. — the nationwide leader in mortgage industry surety bonds. Broker bonds from $50,000, banker and servicer bonds from $100,000. Premiums individually determined by credit and financial review.
NH Mortgage Broker / Banker / Servicer Bond
$50K / $100K
By license type • 6-year claims window • Premium based on credit
Mortgage Broker$50,000 min
Mortgage Banker$100,000 min
Mortgage Servicer$100,000 min
Claims Window6 years
ObligeeNH Bank Commissioner
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a New Hampshire Mortgage Broker Surety Bond?
A New Hampshire mortgage broker surety bond is a continuous surety bond required by the New Hampshire Banking Department, through the Bank Commissioner, as a condition of licensure under RSA 397-A:5 (Licensing of Nondepository Mortgage Bankers, Brokers, and Servicers).
New Hampshire uses minimum bond amounts by license type — $50,000 for brokers, $100,000 for bankers and servicers — with the Commissioner authorized to increase these amounts based on loan origination volume. The bond must be posted to the Commissioner and must comply with both RSA 397-A and RSA 397-B.
New Hampshire features the longest statute of limitations for bond claims in the series at 6 years — meaning no recovery may be made against the bond unless the state or a person brings suit within 6 years of the act giving rise to the claim. This extended window provides robust consumer protection well beyond the typical coverage period.
The Three Parties
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PrincipalThe mortgage broker, banker, or servicer who purchases the bond and must faithfully comply with RSA 397-A, RSA 397-B, and all Commissioner rules and orders.
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ObligeeThe Bank Commissioner of the State of New Hampshire — the regulatory authority to whom the bond is posted.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principal's compliance with New Hampshire mortgage licensing law.
6-Year Claims Window — Longest in the Series
New Hampshire's 6-year statute of limitations for bond claims is the longest in the entire thirty-state series. This means bond claims can be filed years after the originating act, providing extended consumer protection and requiring sureties with long-term stability. Surety One's financial strength supports this extended exposure.
Bond Amount Requirements
New Hampshire Mortgage Bond Amounts by License Type
Minimums are set by statute. The Commissioner may increase amounts to reflect the dollar volume of loans originated by each MLO employed by or retained by the licensee.
| License Type | Minimum Bond | May Be Increased? |
|---|---|---|
| Mortgage Broker | $50,000 | Yes — by Commissioner rule |
| Mortgage Banker | $100,000 | Yes — by Commissioner rule |
| Mortgage Servicer | $100,000 | Yes — by Commissioner rule |
Commissioner-Adjustable Amounts
Unlike states with fixed tiers, New Hampshire gives the Commissioner broad discretion to increase bond amounts beyond the statutory minimums based on the dollar amount of loans originated by each MLO employed by or retained by the licensee. The Commissioner also reviews whether the applicant's proposed interest rates and fees are in line with market standards. Apply now or call (800) 373-2804.
New Hampshire Licensing Requirements
Key Bond & Licensing Requirements
New Hampshire's 6-year claims window, Commissioner-adjustable bonds, and detailed financial responsibility criteria create a rigorous but navigable licensing framework.
NH Banking Department
Bank Commissioner of the State of New Hampshire. Continuous surety bond posted to the Commissioner. The Commissioner has up to 120 days to investigate and determine licensure.
RSA 397-A & 397-B
Licensing of Nondepository Mortgage Bankers, Brokers, and Servicers. Bond requirement: § 397-A:5. Bond must comply with both RSA 397-A and RSA 397-B. Implements SAFE Act.
GAAP Financials Required
Balance sheet, income statement, cash flow, owner's equity, and note disclosure per GAAP. Minimum $25K positive net worth maintained at a level reflecting loan volume. Subject to examination verification.
NMLS Electronic Filing
Applications and bonds filed electronically through NMLS. License fee $500, NMLS fee $100, credit report $15, FBI background check $36.25. QI must have 3 years supervisory experience.
Continuous / 30-Day Cancel
Continuous bond — remains in force during license period until canceled. 30-day written notice to Commissioner required. Must immediately file new bond when action commenced on existing bond. December 31 renewal.
Consumer Protection
What Does This Bond Protect Against?
New Hampshire's bond provides extended consumer protection with the longest claims window of any state in the series. The bond covers:
RSA 397-A/B Compliance
Faithful compliance with all provisions of RSA 397-A and RSA 397-B and all rules, regulations, and orders issued by the Bank Commissioner of the State of New Hampshire.
6-Year Claims Window
Recovery may be made against the bond by the state or any person bringing suit within 6 years after the act upon which the claim is based — the longest window in the series.
Immediate Replacement
When an action is commenced on the bond, the licensee must immediately file a new bond — ensuring continuous consumer protection even during active claims resolution.
Financial Responsibility Standards
Detailed criteria including: bankruptcies within 10 years, outstanding judgments, tax liens, foreclosures within 3 years, and patterns of serious delinquent accounts within 3 years.
How It Works
Get Your New Hampshire Mortgage Broker Bond in 4 Steps
Surety One makes obtaining your New Hampshire mortgage broker 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 posted to the NH Bank Commissioner.
Filed via NMLS
Surety One files your Electronic Surety Bond through the NMLS with the power of attorney. Your bond satisfies the RSA 397-A licensing requirement.
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 license type determines the minimum ($50K broker, $100K banker/servicer). Commissioner may require higher. Larger amounts mean higher premiums. |
| Personal Credit Score | Your FICO score is a primary factor. NH's financial responsibility criteria include detailed credit history review. |
| Financial Statements | GAAP-compliant financials required (balance sheet, income statement, cash flow, owner's equity, notes). Minimum $25K positive net worth. |
| Industry Experience | NH requires a qualifying individual with 3 years of supervisory-level industry experience. |
| 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
New Hampshire Mortgage Broker Bond FAQ
NH broker bonds start at $50,000 minimum. Banker and servicer bonds start at $100,000 minimum. The Commissioner may increase these based on loan volume. Your premium is a percentage of the required amount, individually determined by credit and underwriting review.
New Hampshire has a 6-year statute of limitations for bond claims — the longest of any state in this series. No recovery may be made unless the state makes a claim or a person brings suit naming the licensee within 6 years after the act upon which the recovery is based.
When an action is commenced on a licensee's bond, the licensee must immediately file a new bond. This ensures continuous consumer protection even while claims against the existing bond are being resolved.
Yes. The Commissioner may increase the bond beyond statutory minimums under conditions set by rule. Bond coverage must reflect the dollar amount of loans originated by each MLO employed by or retained by the licensee. The Commissioner also reviews whether proposed interest rates and fees align with market standards.
Applicants must submit a balance sheet, income statement, cash flow statement, statement of owner's equity, and note disclosure prepared in accordance with GAAP. A minimum positive net worth of $25,000 must be demonstrated and maintained. Financials are subject to verification during examination.
Yes. Surety One declines no application. Note that NH has detailed financial responsibility criteria including bankruptcies within 10 years, outstanding judgments, tax liens, foreclosures within 3 years, and delinquent accounts within 3 years. Our non-standard programs accommodate various credit challenges.
New Hampshire mortgage licenses expire December 31 each year and must be renewed before that date. The bond is continuous and remains in force during the license period until canceled. The surety must provide 30 days' written notice to the Commissioner before cancellation.
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.
NH Long-Tail Bond Experts
New Hampshire's 6-year claims window demands a surety with long-term financial stability. Surety One's backing through Janus Assurance Re provides the capacity for extended exposure periods.
Same-Day Issuance
Most New Hampshire mortgage broker 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. Even with NH's detailed financial responsibility criteria, our non-standard programs provide access to bonding for applicants with credit challenges.
New England Expertise
Operating in New England and beyond? We streamline your bonding across all 50 states with a single point of contact, including the Boston spillover corridor that feeds NH's mortgage market.
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.
