Flat $25,000
$25,000 for all money brokers. No volume-based tiers. No branch escalators. Continuous bond.
ND Dept. Financial InstitutionsNDCC § 13-04.1Same-Day Issuance
North Dakota Mortgage Broker Surety Bond
Secure your North Dakota money broker license with a surety bond from Surety One, Inc. $25,000 flat bond required by the Department of Financial Institutions. Premiums individually determined by credit.
ND Mortgage Bond
$25,000
Flat $25K money broker bond • Premium based on credit
Money Broker (all)$25,000
PremiumBased on Credit
Bond TypeContinuous
ObligeeND Dept. Financial Institutions
Cancellation30-day notice
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a North Dakota Mortgage Broker Surety Bond?
A North Dakota money broker surety bond is required by the North Dakota Department of Financial Institutions as a condition of licensure under NDCC § 13-04.1 (Money Brokers Act).
North Dakota uses a straightforward flat $25,000 bond for all money brokers — the simplest and most accessible bond requirement of any state in the series. The term "money broker" encompasses mortgage broker activities.
The bond protects the public from malpractice by the money broker and ensures compliance with North Dakota's licensing requirements.
The Three Parties
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PrincipalThe money broker who purchases the bond and must comply with NDCC § 13-04.1.
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ObligeeThe North Dakota Department of Financial Institutions — the regulatory authority requiring the bond.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principal's compliance with North Dakota mortgage licensing law.
Simplest Bond in the Series — Flat $25,000
North Dakota's flat $25,000 bond with no volume-based tiers or branch escalators is the most straightforward mortgage bond requirement of any state. This accessibility makes it an easy entry point for mortgage professionals.
Bond Amount Requirements
North Dakota Mortgage Bond Amounts
| License Type | Bond Amount |
|---|---|
| Money Broker (all applicants) | $25,000 |
North Dakota Licensing Requirements
Key Bond & Licensing Requirements
Dept. Financial Institutions
ND Department of Financial Institutions. Bond protects public from malpractice by money broker.
NDCC § 13-04.1
North Dakota Money Brokers Act. Defines money broker to include mortgage brokering activities.
Standard Application
Application through NMLS. Background check and credit report. Financial documentation as required.
NMLS Electronic Filing
Bond filed electronically through NMLS. Standard NMLS application and processing fees.
Continuous / 30-Day Cancel
Continuous bond. 30-day written cancellation notice. December 31 renewal.
Consumer Protection
What Does This Bond Protect Against?
Money Brokers Act Compliance
Full compliance with NDCC § 13-04.1 and all rules governing money broker activities.
Public Protection
The bond protects the public from malpractice and financial harm by the money broker.
Simple, Accessible Coverage
The flat $25,000 bond ensures that even small-volume brokers maintain adequate consumer protection.
Regulatory Assurance
The bond assures the Department of Financial Institutions that the licensee will operate honestly and in compliance with state law.
How It Works
Get Your North Dakota 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
North Dakota Mortgage Broker Bond FAQ
ND requires a flat $25,000 bond for all money brokers. Your premium is individually determined by credit.
North Dakota uses the term 'money broker' which encompasses mortgage brokering activities. The license is required for those arranging mortgage loans.
The ND Department of Financial Institutions requires the bond under NDCC § 13-04.1.
Yes. Surety One declines no application. North Dakota's $25,000 bond is the most accessible in the series.
Licenses expire December 31. Continuous bond with 30-day cancellation notice.
The Surety One Advantage
Why Choose Surety One, Inc.?
ND Bond Specialists
North Dakota's straightforward $25,000 bond makes licensing accessible. We issue ND money broker bonds quickly and efficiently.
Same-Day Issuance
Most North Dakota 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. ND's $25K bond is highly accessible.
Northern Plains Expertise
Operating in North Dakota and the Northern Plains? We streamline bonding across all 50 states.
Free Quotes, No Obligation
Application review and quoting are always free.
