Who requires it
New Hampshire Banking Department — Consumer Credit Division
License & permit · New Hampshire
New Hampshire Mortgage Banker, Broker & Servicer Bond
Nondepository mortgage bankers, brokers, and servicers licensed under RSA chapter 397-A must post a bond that stays in force while licensed, filed with the bank commissioner as part of the NMLS application package. RSA 397-A:5 sets the statutory floor at fifty thousand dollars for mortgage brokers and one hundred thousand dollars for mortgage bankers and mortgage servicers. Those amounts increase under conditions the commissioner sets by rule, and the statute requires coverage that reflects the dollar amount of loans originated by each mortgage loan originator the company employs or retains. Sureties must give thirty days’ written notice before cancellation or termination, and a claim on the bond triggers an immediate replacement filing.
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 electronically through NMLS; stays in force while licensed
Renewal
Continuous while licensed; 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 statutory minimum for your license type—fifty thousand dollars for brokers, one hundred thousand dollars for bankers and servicers. Confirm any commissioner-ordered increase that reflects mortgage loan originator volume under current Banking Department rules and NMLS checklist instructions. Individual mortgage loan originators are covered through the employing company’s bond rather than a separate originator amount.
How to get and file it
Select the correct NMLS license type, size the amount from RSA 397-A:5 and any applicable Banking Department increase, and have an authorized surety issue an electronic surety bond through NMLS—or follow any paper-original instruction the department still publishes—in the exact legal name on the company MU1. Leave the mortgage surety uninterrupted for the full license term. RSA 397-A:5 obliges the surety to warn the commissioner in writing thirty days before ending the bond, and it requires the licensee to lodge a fresh instrument as soon as a claim is filed or paid on the old one.
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 continuous surety
- Mortgage banker / mortgage servicer
- $100,000 minimum continuous surety
- 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 maintain a bond or approved deposit satisfactory to the bank commissioner. RSA 399-G:27 sizes that coverage at the greater of one hundred thousand dollars or one hundred percent of the licensee’s average daily money-transmission liability in New Hampshire for the most recently completed three-month period, up to a five-hundred-thousand-dollar maximum. A commissioner-approved deposit may replace the surety. Holding the maximum amount removes the quarterly liability calculation used for sizing. The bond runs to the state of New Hampshire and the bank commissioner for persons damaged by chapter violations, with thirty days’ advance cancellation notice.
Small Loan Lender Bond
$25,000
Companies that lend under New Hampshire’s small-loan, payday-loan, and title-loan framework must keep a continuous twenty-five-thousand-dollar surety on file with the bank commissioner. RSA 399-A:4 places that instrument in favor of the state and the commissioner for anyone damaged by a chapter violation and conditions it on compliance with chapter 399-A. Applications and renewals run through NMLS. The surety must give thirty days’ written notice before cancellation, and a suit on the bond requires an immediate replacement filing.
Debt Adjuster Bond
$25,000
Debt adjusters licensed under RSA chapter 399-D must post a $25,000 surety to the state of New Hampshire and the bank commissioner. RSA 399-D:4 conditions the bond on compliance with the chapter and opens it to persons damaged by violations. Licensing runs through NMLS. Cancellation requires thirty days’ written notice to the commissioner, and commencing an action on the bond obligates the licensee to file a replacement immediately. Separately, RSA 399-G:3 excuses certain debt adjusters from money-transmitter licensing when they transmit funds only under a debt-adjustment contract and keep a $100,000 chapter 399-D surety 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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