Mortgage Lender Bond
OFR Chapter 494 lender surety — brokers generally not bonded
Florida mortgage lenders and correspondent lenders must maintain a $10,000 surety bond under Chapter 494. Mortgage brokers generally are not required to post a surety bond under current Florida law.
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A Florida mortgage lender bond is the $10,000 surety required for mortgage lender or correspondent mortgage lender licensure under Chapter 494, Florida Statutes.
The surety bond guarantees that the principal will perform the duties required under Fla. Stat. ch. 494 up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Florida obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Firms seeking or holding a Florida mortgage lender or correspondent mortgage lender license through OFR - NMLS need this bond. Mortgage broker licenses generally do not require a bond.
File and maintain a $10,000 surety bond payable to the state conditioned on Chapter 494 compliance for the duration of the lender license.
Share your license type, court order, or obligee form and the exact penal sum required by Florida Office of Financial Regulation (OFR).
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to State of Florida — Office of Financial Regulation or for your Florida filing package.
The amount is $10,000 for mortgage lenders - correspondent mortgage lenders; mortgage brokers generally have no surety bond requirement under current Chapter 494, as set under Fla. Stat. ch. 494 and confirmed with Florida Office of Financial Regulation (OFR).
The obligee is typically State of Florida — Office of Financial Regulation. Always match the exact name on the Florida form.
Many Florida filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Florida license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond