Who requires it
Mississippi Department of Banking and Consumer Finance — Mortgage
License & permit · Mississippi
Mississippi Mortgage Broker / Lender Bond
Mississippi mortgage brokers and mortgage lenders licensed under the S.A.F.E. Mortgage Act must keep a bond covering each mortgage loan originator affiliated with the company. As amended effective July 1, 2025, Miss. Code §81-18-11 sets the initial amount at fifty thousand dollars for a mortgage broker and two hundred fifty thousand dollars for a mortgage lender. Renewal amounts are set by the commissioner by rule based on prior-year loan activity and may not exceed those statutory caps.
Common bond amount
$50,000 / $250,000
Initial broker $50,000 / lender $250,000 (eff. July 1, 2025); renewal by DBCF rule based on activity, not exceeding those caps.
How you file
File electronically through NMLS; company bond may cover affiliated originators
Renewal
Recalculate from prior-year activity per DBCF rule; manage ESB through NMLS
Who requires it
Applicants for and holders of Mississippi mortgage broker or mortgage lender licenses under chapter 81-18. Employed or independent-contractor mortgage loan originators may rely on the licensed company’s bond instead of posting a separate individual bond when the statute’s coverage rules are met.
How much is required
For an initial applicant, §81-18-11 fixes fifty thousand dollars for a mortgage broker and two hundred fifty thousand dollars for a mortgage lender. For renewals, the commissioner sets the amount by rule based on loan activity during the previous year, but it may not exceed fifty thousand dollars for a broker or two hundred fifty thousand dollars for a lender. Confirm the current renewal chart in NMLS before adjusting coverage.
How to get and file it
Identify whether you are applying as a broker or lender, size the initial or renewal amount from §81-18-11 and the current DBCF activity chart, and have an authorized surety issue an electronic bond through NMLS. An MU2 direct owner or executive officer must attest and submit the bond as DBCF directs. Keep electronic coverage in force while licensed. Recalculate at renewal from prior-year Mississippi mortgage activity if DBCF’s chart requires a different amount within the statutory caps. Increase the amount, cancel, or replace the bond through NMLS rather than mailing paper continuations.
Cost note
Fifty thousand or two hundred fifty thousand dollars (or a lower renewal amount set by rule) is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Initial mortgage broker
- $50,000
- Initial mortgage lender
- $250,000
- Renewal
- Commissioner sets amount by rule from prior-year loan activity, capped at the broker/lender statutory maximums
- MLO coverage
- Company bond may satisfy the originator coverage requirement for employees or independent contractors
Official sources
Related resources
Frequently asked questions
Did Mississippi raise mortgage bond amounts in 2025?
Yes. Amendments to §81-18-11 effective July 1, 2025 raised the initial and maximum amounts to $50,000 for mortgage brokers and $250,000 for mortgage lenders (from the prior $25,000 / $150,000 figures). Renewal amounts still follow commissioner rules based on activity but may not exceed the new caps.
Do Mississippi MLOs need their own surety bond?
Section 81-18-11 requires each mortgage loan originator to be covered by a surety bond, but allows the bond of the licensed broker or lender to satisfy that requirement when the originator is an employee or independent contractor of that licensee.
Related Mississippi bond guides
Money Transmitter Bond
$100,000–$500,000
Mississippi money-transmission licensees must maintain a surety bond—or a commissioner-approved deposit—under the Money Transmission Modernization Act that replaced the prior Money Transmitters Act effective July 1, 2025. The required security is the greater of one hundred thousand dollars or one hundred percent of the licensee’s average daily Mississippi money-transmission liability for the most recently completed three-month period, up to five hundred thousand dollars.
Debt Management Services Bond
$50,000
Mississippi debt-management service providers licensed under the Debt Management Services Act must file a fifty-thousand-dollar bond with the commissioner. Miss. Code §81-22-7 conditions the bond on performing licensed duties and on paying judgments arising from chapter violations. Cash, a certificate of deposit, or government bonds in the same amount may substitute.
Motor Vehicle Dealer Bond
$15,000 / $25,000 / $100,000
Mississippi vehicle dealers answer to two bonding tracks. The Department of Revenue licenses dealers—including wholesale-only shops—as designated agents and requires a Bond of Designated Agent of at least fifteen thousand dollars under Title 35 dealer regulations and the MDOR application packet. Separately, applicants for new motor vehicle dealer licenses with the Mississippi Motor Vehicle Commission must file a twenty-five-thousand-dollar bond under Miss. Code §63-17-75, or a one-hundred-thousand-dollar bond covering every licensed location of the same capacity.
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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