Delaware Mortgage Loan Originator Bond

This surety bond is required by the State of Delaware, Office of the State Banking Commissioner under Section 2415, Title 5 of the Delaware Code. It functions as a form of protection for the office and any person injured by a wrongful act, default, fraud, or misrepresentation of a mortgage loan originator. The required bond amount varies as follows:

Annual Volume of Delaware Mortgage Loans Minimum Required Amount of Surety Bond
Not more than $11,000,000 $25,000
$11,000,001-$23,000,000 $50,000
$23,000,001-$35,000,000 $75,000
$35,000,001-$47,000,000 $100,000
$47,000,001-$59,000,000 $125,000
$59,000,001-$71,000,000 $150,000
$71,000,001-$83,000,000 $175,000
$83,000,001 and over $200,000

Surety1 is licensed nationwide to handle all your mortgage broker bond needs. To determine the cost of this bond, complete our easy online application.

To Obtain a Delaware Mortgage Loan Originator Bond: 

  1. Complete an online application.
  2. One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, then you will receive your bond!

** all bonds are subject to the underwriting terms and conditions of the issuing company.