Who requires it
Oklahoma Department of Consumer Credit
License & permit · Oklahoma
Oklahoma Mortgage Lender Bond
Oklahoma mortgage lenders licensed under the Secure and Fair Enforcement for Mortgage Licensing Act must file a one-hundred-thousand-dollar surety bond payable to the Department of Consumer Credit. The amount does not scale with loan volume—every lender posts the same statutory figure as a condition of licensure.
Common bond amount
$100,000
Flat $100,000 for mortgage lenders under § 2095.11.1; not a broker volume schedule.
How you file
File electronically through NMLS with the Department of Consumer Credit
Renewal
Maintain while licensed; restore to $100,000 after recoveries
Who requires it
Entities applying for or holding an Oklahoma mortgage lender license under Title 59 O.S. §§ 2095 et seq. The Administrator may not issue the lender license without this bond on file. Standalone mortgage broker and mortgage loan originator credentials rely on the Oklahoma Mortgage Broker and Mortgage Loan Originator Recovery Fund under § 2095.20 rather than this $100,000 lender surety.
How much is required
Section 2095.11.1 establishes a fixed one-hundred-thousand-dollar required amount. The bond must stay in force while licensed, may not terminate without thirty days’ prior written notice to the Administrator and the Administrator’s approval, and must be restored to $100,000 after any recoveries. There is no volume tier for lenders under this section.
How to get and file it
Complete the Oklahoma mortgage lender checklist in NMLS, then have an Oklahoma-authorized insurer issue a $100,000 surety in a form acceptable to the Administrator, payable to the Department of Consumer Credit. Upload the bond through NMLS with the company application or renewal package and keep it effective for the full license year. Maintain the bond at all times while licensed. Renew the lender license through NMLS before the Department’s December 1 renewal deadline for the January 1 license year. If the bond is reduced by claims, file a new or additional bond so the required amount returns to $100,000.
Cost note
One hundred thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Required amount
- $100,000 surety that stays in force while licensed
- Who requires it
- Oklahoma Department of Consumer Credit
- Cancellation
- 30 days’ written notice to the Administrator plus Administrator approval
- Filing path
- NMLS company filing with Oklahoma lender checklist
Official sources
Related resources
Frequently asked questions
Do mortgage brokers need this $100,000 bond?
The $100,000 surety in § 2095.11.1 is a mortgage lender issuance condition. Brokers and MLOs are addressed through licensing and the recovery fund in § 2095.20. Confirm your NMLS license type with the Department before ordering a lender bond.
Does the amount rise with Oklahoma loan volume?
No. Unlike volume-tier mortgage bonds in some states, Oklahoma’s lender statute fixes the amount at $100,000 for every mortgage lender licensee.
Related Oklahoma bond guides
Money Transmitter Bond
$50,000–$500,000
Oklahoma money transmitters licensed by the State Banking Department under the Financial Transaction Reporting Act must maintain a surety bond on the Department’s current form. The minimum amount depends on whether the company transmits digital assets, operates primarily by electronic means, or works exclusively through authorized delegates.
Credit Services Organization Bond
$10,000
Oklahoma credit services organizations that help consumers improve credit records or obtain extensions of credit must file a ten-thousand-dollar surety bond with the Department of Consumer Credit when they apply for a license under the Credit Services Organizations Act.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Oklahoma application
Oklahoma will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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