Broker $100K / Lender $500K
Broker: $100K + $5K/branch. Lender/Servicer: $500K + $10K/branch. MLO: $5K+ volume-based. 5-year post-cessation claims. CD/LOC alternative for MLOs.
PR OCIF (Comisionado)PR Financial Services CodeSame-Day Issuance
Puerto Rico Mortgage Broker Surety Bond
Secure your Puerto Rico mortgage broker, lender/servicer, or originator license with a surety bond from Surety One, Inc. — with offices in San Juan. Broker bonds $100,000, lender/servicer bonds $500,000. Branch escalators apply. Premiums individually determined.
PR Mortgage Bond
$5K – $500K
Three license types • Highest lender bond in series • Premium based on credit
Mortgage Broker$100,000
Broker Branch+$5,000 each
Mortgage Lender/Servicer$500,000
Lender/Servicer Branch+$10,000 each
MLO (volume-based)$5,000+
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a Puerto Rico Mortgage Broker Surety Bond?
A Puerto Rico mortgage surety bond is required by the Office of the Commissioner of Financial Institutions (OCIF / Comisionado de Instituciones Financieras) of the Commonwealth of Puerto Rico as a condition of licensure under the Act to Regulate the Business of Mortgage Loans in Puerto Rico and the PR Financial Services Code § 3055c.
Puerto Rico has the highest mortgage lender/servicer bond in the entire series at $500,000, plus $10,000 for each branch location. Mortgage brokers require $100,000 plus $5,000 per branch. Individual MLO bonds are volume-based starting at $5,000, determined by the Commissioner via regulation. Claims may be filed up to 5 years after the bond ceases effect.
Puerto Rico's bond ensures the licensee will honestly and faithfully perform duties according to all rules and regulations of the Commonwealth. Lender/servicer applicants must demonstrate at least $200,000 in liquid assets, increasing $125,000 for each additional office. Only one trade name or DBA is permitted per license.
The Three Parties
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PrincipalThe mortgage broker, lender/servicer, or originator who purchases the bond (fianza) and must comply with Puerto Rico mortgage lending law.
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ObligeeThe Commissioner of Financial Institutions (Comisionado de Instituciones Financieras) of the Commonwealth of Puerto Rico — the OCIF.
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SuretySurety One, Inc. — guaranteeing compliance with Puerto Rico mortgage licensing law.
$500K Lender/Servicer Bond — Highest in the Series
Puerto Rico's $500,000 lender/servicer bond is the highest flat-rate mortgage bond requirement of any jurisdiction in the series. Combined with $200,000 liquid assets and 5-year post-cessation claims window, PR has the most demanding financial requirements for mortgage lenders. Surety One's San Juan office provides local expertise.
Bond Amounts
Puerto Rico Mortgage Bond Amounts
| License Type / Location | Bond Amount (Fianza) |
|---|---|
| Mortgage Broker (principal office) | $100,000 |
| Broker — each branch location | +$5,000 |
| Mortgage Lender/Servicer (principal office) | $500,000 |
| Lender/Servicer — each branch location | +$10,000 |
| Mortgage Loan Originator | $5,000+ (volume-based) |
Puerto Rico Requirements
Key Bond & Licensing Requirements
OCIF (Comisionado)
Office of the Commissioner of Financial Institutions, Commonwealth of Puerto Rico. Bond filed via NMLS or paper to OCIF. On-site manager required at all locations.
PR Financial Services Code
Act to Regulate the Business of Mortgage Loans in Puerto Rico. MLO bond: § 3055c. Commissioner determines MLO bond by rule based on origination volume.
$200K Liquid Assets (Lenders)
Lender/servicer: $200,000 liquid assets + $125,000 per additional office. One trade name/DBA per license. PR Secretary of State authorization for out-of-PR entities.
NMLS + OCIF Filing
Applications through NMLS. Bond filed electronically or paper to OCIF. Licensing fee $1,600 (broker) / $3,850 (lender). Background check, credit report, education required.
December 1 Renewal Deadline
License renewal filed on or before December 1 through NMLS with evidence of bond. December 31 expiration. Separate branch authorization via MU3 form. Each branch separately authorized.
Consumer Protection
What Does This Bond Protect Against?
Commonwealth Law Compliance
Honest and faithful performance of duties according to all rules and regulations of the Commonwealth of Puerto Rico governing mortgage lending.
5-Year Post-Cessation Claims
Claims can be made on the bond up to 5 years following the date the bond ceased its effect — the longest post-cessation period in the series.
Faithful Accounting
Truly and faithfully accounting for all funds received from borrowers and mortgagees in the licensee's capacity as a mortgage professional.
Highest Financial Standards
The $500K lender bond combined with $200K liquid assets and 5-year claims tail creates the most demanding consumer protection framework in any U.S. jurisdiction.
How It Works
Get Your Puerto Rico Mortgage Bond in 4 Steps
Apply Online
Complete our application or call (800) 373-2804.
Get Your Quote
Competitive premium quote, typically same day.
Purchase & Sign
Accept quote, sign indemnity, pay premium.
Filed via NMLS
We file your bond through NMLS.
Premium
How Is My Premium Determined?
Your premium is a percentage of the bond amount, individually determined. You do not pay the full amount.
Free, No-Obligation Quotes
We decline no application. Apply now or call (800) 373-2804.
FAQ
Puerto Rico Mortgage Bond FAQ
PR broker bonds are $100,000 (+$5K/branch). Lender/servicer bonds are $500,000 (+$10K/branch). MLO bonds start at $5,000. Premium individually determined by credit.
At $500,000, Puerto Rico's lender/servicer bond is the highest in any U.S. jurisdiction — reflecting the Commonwealth's emphasis on robust consumer protection for mortgage lending activities.
Claims can be filed against the bond up to 5 years after the bond ceases effect. This extended window provides long-term consumer protection even after a licensee stops operating.
Yes. MLOs may provide notes, certificates of deposit, letters of credit, or other evidence of indebtedness of the Government of Puerto Rico instead of a surety bond.
Yes. Surety One maintains offices in both Raleigh, NC and San Juan, PR (404 Avenida de la Constitución, 7th Floor, San Juan, PR 00901), providing local expertise for Puerto Rico mortgage professionals.
Yes. Surety One declines no application. We offer non-standard programs for all credit profiles, including the high-amount $500K lender/servicer bond.
License renewal must be filed on or before December 1 through NMLS with evidence of bond in place. Licenses expire December 31.
The Surety One Advantage
Why Choose Surety One, Inc.?
San Juan Office — Local PR Expertise
Surety One maintains a physical office in San Juan at 404 Avenida de la Constitución. Our PR team provides bilingual (English/Spanish) service and deep knowledge of Commonwealth regulations.
Same-Day Issuance
Most Puerto Rico mortgage bonds are issued the same business day. Our 24/7/365 underwriting team provides guaranteed same-day feedback.
A+ BBB Rated
Surety One carries an A+ rating with the Better Business Bureau in both our U.S. and Puerto Rico offices.
High-Amount Bond Capacity
PR's $500,000 lender/servicer bond is the highest in the series. Our backing through Janus Assurance Re provides the capacity for these large bonds.
Bilingual Service
Our Puerto Rico team provides full service in both English and Spanish — essential for navigating Commonwealth licensing requirements.
Free Quotes, No Obligation
Application review and quoting are always free. There is no obligation to purchase. (787) 333-0222 for PR direct.
