Who requires it
New Hampshire Banking Department — Consumer Credit Division
License & permit · New Hampshire
New Hampshire Mortgage Banker, Broker & Servicer Bond
Mortgage bankers, brokers, and servicers licensed under RSA chapter 397-A must keep a bond on file with the Banking Department through NMLS while licensed. RSA 397-A:5 sets a $50,000 minimum for brokers and a $100,000 minimum for bankers and servicers. The Banking Department can require a higher amount so coverage matches the loans originated by the company’s mortgage loan originators. The surety must give 30 days’ written notice before canceling. If a claim is filed, file a replacement right away.
Common bond amount
$50,000 / $100,000 minimums
Broker $50,000; banker and servicer $100,000 under RSA 397-A:5; commissioner may increase by rule.
How you file
File through NMLS; keep the bond active while licensed
Renewal
Keep the bond in place for the license term; 30-day cancellation notice
Who requires it
Applicants for and holders of New Hampshire mortgage banker, mortgage broker, or mortgage servicer licenses under RSA 397-A, filing through NMLS with the Banking Department’s Consumer Credit Division.
How much is required
Start from the minimum for your license type—$50,000 for brokers, $100,000 for bankers and servicers. Confirm any Banking Department increase that reflects mortgage loan originator volume under current rules and NMLS instructions. Individual originators are covered by the company’s bond rather than a separate originator bond.
How to get and file it
Select the correct NMLS license type, confirm the amount from RSA 397-A:5 and any Banking Department increase, and have an authorized surety file the bond through NMLS—or follow any paper-original instruction the department still publishes—in the exact legal name on the company filing. Keep the bond active for the full license term. The surety must give the Banking Department 30 days’ written notice before canceling. If a claim is filed or paid, file a replacement right away.
Cost note
The statutory amount is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Mortgage broker
- $50,000 minimum
- Mortgage banker / mortgage servicer
- $100,000 minimum
- Volume adjustments
- Increased under conditions set by commissioner rule to reflect MLO loan volume
Official sources
Related resources
Frequently asked questions
Do New Hampshire mortgage brokers and bankers post the same amount?
No. Brokers start at $50,000. Bankers and servicers start at $100,000. Either amount may rise under commissioner rules that reflect loan-origination volume.
Does each mortgage loan originator need a separate bond?
RSA 397-A:5 requires originators to be covered by the surety maintained by the employing mortgage banker, broker, or servicer. Coverage must reflect the dollar amount of loans originated as the commissioner determines.
Related New Hampshire bond guides
Money Transmitter Bond
$100,000–$500,000
Money transmission licensees under RSA chapter 399-G must keep a bond—or an approved deposit—on file with the Banking Department. RSA 399-G:27 sets the amount at the greater of $100,000 or 100% of average daily New Hampshire money-transmission liability for the most recent three-month period, up to $500,000. A deposit the commissioner approves may replace the bond. If you already keep the $500,000 maximum, you do not have to recalculate the amount each quarter. The bond protects people harmed by chapter violations. The surety must give 30 days’ notice before canceling.
Small Loan Lender Bond
$25,000
Companies that lend under New Hampshire’s small-loan, payday-loan, and title-loan rules must keep a $25,000 bond on file with the Banking Department. RSA 399-A:4 protects people harmed by chapter violations. Applications and renewals run through NMLS. The surety must give 30 days’ written notice before canceling. If a claim is filed, file a replacement right away.
Debt Adjuster Bond
$25,000
Debt adjusters licensed under RSA chapter 399-D must post a $25,000 bond with the Banking Department. Licensing runs through NMLS. The surety must give 30 days’ written notice before canceling. If a claim is filed, file a replacement right away. Separately, RSA 399-G:3 lets some debt adjusters skip a money-transmitter license when they transmit funds only under a debt-adjustment contract and keep a $100,000 chapter 399-D bond on file—that higher amount is an exemption condition, not the ordinary licensing minimum.
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 2026-08-12. This guide is based on verified educational content and official sources.
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