Nebraska Mortgage Broker Bond

Nebraska Mortgage Broker Bond

Nebraska Mortgage Broker Bond


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What is an Nebraska Mortgage Broker Bond? 

Nebraska Mortgage Broker Bonds are required by Nebraska’s Department of Banking and Finance to obtain your Mortgage Broker license. The Nebraska Mortgage Broker Bond amount is set at $100,000.  This license is required for all companies or sole proprietorships that conduct mortgage lending, mortgage brokering, or mortgage servicing activities.

The State requires a Mortgage Broker bond for :  


$0.00 to $5,000,000.00

$100,000.00

$5,000,000.01 to $10,000,000.00

$125,000.00

$10,000,000.01 to $25,000,000.00

$150,000.00

Over $25,000,000.00

$200,000.00

 

Different parts of a bond:


 There are 3 parts to a Mortgage broker surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Mortgage Broker Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.


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You can buy your Nebraska Mortgage Broker Bond (Apply) online immediately


Nebraska Mortgage Broker Bond Information and Requirements:



$0.00 to $5,000,000.00

$100,000.00

$5,000,000.01 to $10,000,000.00

$125,000.00

$10,000,000.01 to $25,000,000.00

$150,000.00

Over $25,000,000.00


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$200,000.00