Who requires it
Office of the State Bank Commissioner
License & permit · Delaware
Delaware Mortgage Broker & Licensed Lender Bond
Delaware mortgage loan brokers licensed under Title 5 Chapter 21 must file a $25,000 surety bond—or a Commissioner-accepted irrevocable letter of credit—with the Office of the State Bank Commissioner under §2108. Licensed lenders under Chapter 22 instead carry a Commissioner-set bond between $50,000 and $200,000 under §2208. Regulation 2204 translates that statutory range into a prior-year Delaware loan-volume table stepping from $50,000 through $200,000, and the Commissioner may demand a larger amount based on individual circumstances. A qualifying company bond may cover mortgage loan originators who are employees or exclusive agents when Chapter 24 and Regulation 2401 coverage rules are satisfied; an irrevocable letter of credit may not be used to cover originators.
Common bond amount
$25,000 / $50,000–$200,000
Broker $25,000 (§ 2108); licensed lender $50,000–$200,000 by Delaware loan volume (Reg. 2204 / § 2208).
How you file
Surety bond or Commissioner-accepted irrevocable letter of credit
Renewal
Continuous while licensed; lender faces recalculated from prior-year volume
Who requires it
Applicants for and holders of Delaware mortgage loan broker licenses under Chapter 21 and licensed lender licenses under Chapter 22, filing with the Office of the State Bank Commissioner (typically via NMLS).
How much is required
Broker licenses use the fixed twenty-five-thousand-dollar face in §2108. Lender licenses use the §2208 range of fifty thousand to two hundred thousand dollars; Regulation 2204 sets the minimum from Delaware lending volume for the calendar year ending December 31 before the license year and requires an annual December 31 recalculation when a multi-year bond or letter of credit is in place.
How to get and file it
Determine whether you are applying as a mortgage loan broker or a licensed lender, size the amount from §2108 or the Regulation 2204 volume table, and have an authorized surety issue an electronic surety bond through NMLS—or a paper original if the Commissioner still directs paper for your license type—in the exact legal name on the MU1. Maintain continuous coverage while licensed. Recalculate licensed-lender faces from prior-year Delaware volume at each year-end when the instrument spans multiple years. File amended originals immediately on surety or amount changes. Surety cancellation requires at least thirty days’ written notice to the Commissioner.
Cost note
The statutory or schedule amount is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Mortgage loan broker
- $25,000 (§ 2108)
- Licensed lender — ≤ $23,000,000 Delaware volume
- $50,000 minimum (Reg. 2204)
- Licensed lender — highest published tier
- $200,000 when Delaware volume is $83,000,001 and over
- Mortgage loan originators
- May be covered by a qualifying company surety; irrevocable letters of credit may not cover MLOs
Official sources
Frequently asked questions
Do Delaware mortgage brokers and lenders use the same bond amount?
No. Brokers post a flat $25,000 under §2108. Licensed lenders size $50,000 to $200,000 from the Regulation 2204 Delaware loan-volume table under the §2208 statutory range.
Can my company bond cover Delaware MLOs?
A Chapter 22 licensee’s surety bond may cover mortgage loan originators who are its employees or exclusive agents when the bond also meets 5 Del. C. §2415 and Regulation 2401 coverage rules. An irrevocable letter of credit may not be used for that MLO coverage.
Related Delaware bond guides
Money Transmitter Bond
$100,000–$500,000
Money transmitters licensed under Delaware’s Money Transmission and Virtual Currency Modernization Act must file an original surety bond with the Office of the State Bank Commissioner. Section 2309 directs the Commissioner to set the amount anywhere from $100,000 to $500,000 after weighing the licensee’s average daily Delaware money-transmission liability, tangible net worth, total assets, and any other factor the Commissioner finds relevant. A licensee that posts the $500,000 maximum need not calculate average daily liability. The bond runs to the State for the Commissioner and for consumers injured by wrongful acts, omissions, default, fraud, or misrepresentation in the licensed activity; claims cannot exceed the bond amount.
Credit Services Organization Bond
$15,000
A Delaware credit services organization that wants to charge or receive money before finishing every service promised to a buyer must first obtain a $15,000 surety bond from a surety authorized in Delaware or establish a $15,000 surety account at a federally insured bank or savings and loan located in the State. Section 2404 requires a copy of the bond—or official depository notice of the account—to be filed with the Secretary of State. The coverage runs in favor of the State and of any person damaged by a chapter violation; claims cannot exceed $15,000.
Debt Management Services Bond
≥ $50,000
Every licensed debt-management services provider under Delaware’s Chapter 24A must file an original surety bond—issued by a surety authorized in the State—with the Attorney General. Section 2413A sets a floor of $50,000 and lets the Attorney General fix a higher amount after considering the provider’s Delaware business and related risk factors. The bond runs to the State for the Attorney General and for consumers injured by wrongful acts, omissions, default, fraud, or misrepresentation in the licensed activity. Section 2414A allows the Attorney General, at discretion, to accept an irrevocable letter of credit instead of the bond in the same determined amount.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
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Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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