State of Georgia Mortgage Broker Bond

What is a Georgia mortgage broker bond?

A Georgia mortgage broker bond is a surety bond that ensures a licensed mortgage broker will follow the rules of their trade. The Georgia Department of Banking and Finance requires mortgage brokers to post a $150,000 surety bond in order to obtain a mortgage broker license. This bond has no set expiration date, so it’s typically effective for a one-year term regardless of when you buy it.

What does a Georgia mortgage broker bond do?

A mortgage broker bond guarantees that the licensed individual adheres to all laws and regulations set by the governing entity. It’s a means of protecting the public and the government from harmful acts committed by licensed mortgage brokers.  

If the licensed broker fails to follow their licensing regulations or commits a fraudulent/illegal act, then any injured party may file a claim on the broker’s surety bond. The surety company will investigate the claim and, if the claim is valid, pay damages to the injured party up to the bond amount. The surety will hold the broker responsible for the reimbursement of the claim, plus any additional fees incurred by the surety. 

How much does a mortgage broker bond cost in Georgia?

The cost of this bond, like many surety bonds, is primarily dependent upon your credit. The surety company will assign you a premium rate based on your credit. Your premium rate will be a percentage, which is then multiplied by the bond amount to determine your premium—how much you pay. At EZ Surety Bonds, we’ve seen this particular bond quoted for as low as $1,125 for those with excellent credit.

Obligee Information

The obligee for this bond, aka the entity that requires you to get a surety bond, is the Georgia Department of Banking and Finance. We’ve listed their contact information below:

Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565

Phone: (770) 986-1633 or
Toll-Free: (888) 986-1633

How to become a licensed mortgage broker in Georgia

Getting a surety bond is a single licensing requirement. But what are the other licensing steps? In short, you must:

  1. Register your business
  2. Get a $150,000 surety bond
  3. Be licensed as a Mortgage Loan Originator (MLO)
  4. Submit the application and fees for the mortgage broker license

It’s important to mention that mortgage licensing applications are processed through the Nationwide Mortgage Licensing System & Registry (NMLS). 

This process can be confusing and we know this is only a brief list of the steps you must take to become a mortgage broker. If you want a more in-depth analysis, read this post on how to get a mortgage broker license in Georgia.

How to get a Georgia Mortgage Broker Bond

We pride ourselves on making surety bonding simple. To get started, fill out the application on our website and we’ll get back to you with a free quote within 24 hours. If you have any questions along the way, please reach out to our agents at or call us at 1-866-546-4605. We’re here to help!

Frequently asked questions

What are the requirements to be a mortgage broker in Georgia?

The minimum requirements to become a mortgage broker are
1. Earn a high school diploma or GED
2. Complete a Nationwide Mortgage System & Registry (NMLS) approved prelicensure course
3. Pass the NMLS SAFE Mortgage Loan Originator Test 
4. Register your business with the Secretary of State
5. Obtain a mortgage broker surety bond
6. Submit your application for the mortgage broker license 

Who is required to get a mortgage broker bond in Georgia?

Any individual who wishes to become a licensed mortgage broker in Georgia must get a mortgage broker bond. As defined by the Official Code of Georgia Annotated, “a ‘mortgage broker’ is a person or company who directly or indirectly solicits, processes, places, or negotiates mortgage loans for others, offers to perform such services for others, or closes loans in the mortgage broker’s name using funding provided by others.” O.C.G.A. § 7-1-1000(19).

What is the required surety bond coverage for a Georgia mortgage broker bond?

The required bond amount for a mortgage broker bond in Georgia is $150,000. The mortgage lender bond has a higher required bond amount of $250,000. 

After I purchase my bond, what do I do?

The mortgage broker bond is electronically filed with the Nationwide Mortgage Licensing System & Registry (NMLS). Once you’ve purchased your bond, associate yourself with the Warnock Agency in the NMLS using our National Producer Number (NPN) #8251056 and we’ll file your bond electronically with the NMLS for you.

State of Georgia Mortgage Broker Bond

About the bond

The Georgia Mortgage Broker Bond starts at $1500 plus shipping costs and fees. Fill out the form to buy your bond instantly!

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Warnock Agency

Oakwood, Georgia

The Warnock Agency Inc is located in Georgia and writes surety bonds for all 50 states and Washington D.C. Surety bonds are mailed to customers via USPS mail delivery, or overnight Fed-Ex delivery.

The Warnock Agency Inc and EZ Surety Bonds has licenses in all 50 states, and can write any bond you may need!