Delaware Licensed Lender Bond

The Delaware licensed lender bond ranges between $50,000 and $200,000. The amount required is based on your loan origination. Our agency offers the $50,000 amount within minutes; and higher amounts for less than 1% premium.  AmeriPro Surety Bonds:  844-589-9732.

Delaware Licensed Lender Bond |

AmeriPro Surety Bonds | 844-589-9732

Delaware Licensed Lender Requirements

Delaware mortgage lenders are licensed by the Office of the State Bank Commissioner. While your licensing and regulation are by this office, the filing of your surety bond is facilitated through NMLS, the Nationwide Mortgage Licensing System.

The breakdown for surety bond amounts required are as follows. This is statutorily according to the year ending December 31^st which comes before the effective year.

• $50,000 surety bond for loan originations not more than $23 million;
• $75,000 surety bond for loans between $23,000,001 to $35 million;
• $100,000 surety bond for loans between $35,000,001 to $47 million;
• $125,000 surety bond for loans between $47,000,001 to $71 million;
• $150,000 surety bond for loans between $71,000,001 to $83 million;
• $200,000 surety bond for any amount above $83,000,001.

Qualifying and the Premium

For the $50,000 Delaware licensed lender bond, the bond is issued to you immediately for filing after payment of the $375 annual premium; there is no credit check. Additionally, the application will be taken from you directly over the phone with our Surety Agent. The entire process takes a few minutes.

All other amounts will typically involve a completed and signed application, and a business or personal credit score review. The breakdown for premiums, upon approval, are as follows:

• $75,000 surety bond amount - $563 annual premium;
• $100,000 surety bond amount - $750 annual premium;
• $125,000 surety bond amount - $938 annual premium;
• $150,000 surety bond amount - $1125 annual premium;
• $200,000 surety bond amount - $1500 annual premium.

The address of the lender license surety bond’s obligee (i.e. the entity which requires the surety bond) is:

State of Delaware

Office of the State Banking Commissioner

555 E. Lockerman Street, Suite 210

Dover, DE 19901

Premium Prepayment Options

Our agency offers you the ability to prepay your premium for up to 3 years. This will save you over annual renewals.

However, please keep in mind that the bond amount required may adjust from year to year based on your loan origination.

Purpose of Your Surety Bond Requirement

Your Delaware mortgage lender surety bond is a financial guarantee of your compliance with Chapter 22, Title 5, of the Delaware Code.

More broadly, the surety bond protects consumers from acts of fraud, malfeasance, and other unlawful activities by a licensed mortgage lender in the course of business.

About Us

AmeriPro Surety Bonds is a surety bonds-only agency. We provide surety bonds to lender, mortgage brokers, and other entities in the mortgage industry nationwide.

Our agency is also a provider of license and permit, court, and probate surety bonds in Delaware and all 50 states.

Please call our agency today at:

844-589-9732

Or, you may fill out the form below and a Surety Agent will contact you.