Nebraska Finance and Mortgage Broker Bonds

Nebraska mortgage broker bonds are required for mortgage professionals to operate in the state. Learn more about these bonds and find the best rates online.
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Nebraska Finance and Mortgage Broker Bonds

Nebraska Department of Banking & Finance, Financial Institutions Division Sales Finance License Bond

Nebraska Department of Banking & Finance, Financial Institutions Division Sales Finance License Bond

The Nebraska Sales Finance License Bond starts at $500 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
Nebraska Department of Banking & Finance, Financial Institutions Division
Bond Premium
Bond Amount:
$50,000
Bond Duration
Bond Term:
12
Months
Nebraska Department of Banking & Finance Installment Loan Bond

Nebraska Department of Banking & Finance Installment Loan Bond

The Nebraska Installment Loan Bond starts at $500 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
Nebraska Department of Banking & Finance
Bond Premium
Bond Amount:
$50,000
Bond Duration
Bond Term:
12
Months
Nebraska Department of Banking & Finance Money Transmitter Bond

Nebraska Department of Banking & Finance Money Transmitter Bond

The Nebraska Money Transmitter Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
Nebraska Department of Banking & Finance
Bond Premium
Bond Amount:
$100,000-$250,000
Bond Duration
Bond Term:
12
Months
Nebraska Department of Insurance Escrow Agent Bond

Nebraska Department of Insurance Escrow Agent Bond

The Nebraska Escrow Agent Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
Nebraska Department of Insurance
Bond Premium
Bond Amount:
$100,000
Bond Duration
Bond Term:
12
Months
Nebraska Department of Insurance Viatical Settlement Provider/Broker Bond

Nebraska Department of Insurance Viatical Settlement Provider/Broker Bond

The Nebraska Viatical Settlement Provider/Broker Bond starts at $N/A plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
Nebraska Department of Insurance
Bond Premium
Bond Amount:
$1,000-$100,000
Bond Duration
Bond Term:
12
Months
Nebraska Secretary of State Debt Management License Bond

Nebraska Secretary of State Debt Management License Bond

The Nebraska Debt Management License Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
Nebraska Secretary of State
Bond Premium
Bond Amount:
$10,000
Bond Duration
Bond Term:
12
Months
State of Nebraska Credit Services Organization Bond

State of Nebraska Credit Services Organization Bond

The Nebraska Credit Services Organization Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
State of Nebraska
Bond Premium
Bond Amount:
$100,000
Bond Duration
Bond Term:
12
Months
State of Nebraska Investment Adviser Bond

State of Nebraska Investment Adviser Bond

The Nebraska Investment Adviser Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
State of Nebraska
Bond Premium
Bond Amount:
$25,000
Bond Duration
Bond Term:
12
Months
State of Nebraska Mortgage Banker Bond

State of Nebraska Mortgage Banker Bond

The Nebraska Mortgage Banker Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
NE
Bond Terms
State of Nebraska
Bond Premium
Bond Amount:
$100,000
Bond Duration
Bond Term:
12
Months
United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond

United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond

The United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
US
Bond Terms
United States Trustee
Bond Premium
Bond Amount:
$1-$100,000
Bond Duration
Bond Term:
12
Months

What are Nebraska finance & mortgage broker bonds?

Finance and mortgage broker bonds are legally binding agreements between three parties:

The bonds provide a guarantee that licensed finance professionals conduct business in compliance with license regulations like those set forth in the Nebraska Residential Mortgage Licensing Act.

If the finance professional fails to comply with the regulations, the surety company will pay out financial losses to damaged parties up to the full bond amount. The finance professional is liable to reimburse the surety for any damages paid under the bond.

How much do Nebraska finance & mortgage broker bonds cost?

The Nebraska Department of Banking and Finance classifies all mortgage brokers, lenders, and servicers as mortgage bankers. All mortgage bankers are required to post a $100,000 surety bond as part of the licensing process. The bond requirements for other finance bonds in Nebraska are as follows:

  • Nebraska Money Transmitter Bond: $100,000 and upwards
  • Nebraska Investment Adviser Bond: $25,000
  • Nebraska Sales Finance Bond: $50,000
  • Nebraska Installment Loan Bond: $50,000
  • Nebraska Escrow Agent Bond: $100,000
  • Nebraska Debt Management Bond: $10,000

The surety company issuing the bond determines your premium rate, which is the percentage of the total bond amount you pay as the premium. Premium rates for Nebraska finance and mortgage broker bonds typically cost between 1% and 5% of the total bond amount. EZSurety has issued mortgage broker bonds in Nebraska for premiums as low as $750.

During the application process, the surety company evaluates your personal credit, financial statements, industry experience, and licensing history. Applicants with good credit generally receive the lowest rates, however, bad credit will not prevent you from securing a Nebraska mortgage broker bond. EZSurety still offers competitive rates to individuals with low credit scores or other financial issues.

How to get your mortgage broker license in Nebraska?

To become a licensed mortgage broker in Nebraska, you must meet the following licensing requirements:

  1. Complete the criminal background check
  2. Submit your personal financial statements
  3. Provide credit reports for all controlling persons
  4. Provide copies of business formation documents
  5. Submit your application through the Nationwide Multistate Licensing System & Registry (NMLS)
  6. Post the appropriate surety bond
  7. Pay the $200 application fee and $100 processing fee

For information on obtaining other finance licenses in Mississippi, you can visit the NMLS Resource Center.

How to Know if You Need a Surety Bond

You’ll know if you need a surety bond because some entity will have required you to obtain one. They must also inform you of which specific bond type you’ll need. There are thousands of bonds across the country, all of which vary by state and industry.

Visit EZSuretyBonds.com to browse hundreds of bonds by state, type, or industry.

Surety Bonds Online