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Electronic Surety Bonds (ESB)
Chapter IX explains electronic surety bonds and guides surety companies through creating their NMLS accounts and creating bonds for their licensees.
Chapter IX—NMLS Electronic Surety Bond (ESB)
Many state laws or regulations require financial services licensees to obtain a surety bond as a condition of licensure.

Electronic Surety Bonds (ESB)
Chapter IX explains electronic surety bonds and guides surety companies through creating their NMLS accounts and creating bonds for their licensees.
- Chapter IX—NMLS Electronic Surety Bond (ESB)
  Many state laws or regulations require financial services licensees to obtain a surety bond as a condition of licensure.
  - Resources
    Terms,definitions, and instructions for Electronic Surety Bonds can be found on the NMLS Resource Center Electronic Surety Bonds page.
  - Bond Creation
    The bond form is created by the Regulator. This form is then rendered in NMLS and any NMLS licensee specific information required by the Regulator is then prompted to be provided.
  - Surety Company Account Creation Process Flow
    Flow chart diagramming the process of creating an NMLS account for a Surety Company.
  - Completing the Surety Company Limited Account Request
  - Completing the Surety Company Full Entity Request
    To complete the surety company account request, the Primary Company Contact will need to log in to NMLS and complete the Surety Company Full Entity Request.
  - Completing the Surety Bond Producer Account Request Form
  - Create a New Bond
    How to use the Surety Bond Management screen in NMLS as a surety bond company to create bonds for licensees.

Chapter IX—NMLS Electronic Surety Bond (ESB)

Many state laws or regulations require financial services licensees to obtain a surety bond as a condition of licensure.

State regulators or consumers can file claims against a surety bond to cover fines or penalties assessed or to provide restitution to consumers due to the failure of a licensee to comply with licensing or statutory requirements.

In addition, Title V of P.L. 110-289, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”) requires that applicants have met …either a net worth or surety bond requirement or paid into a State fund… in 12 USC §5104(b)(6). State regulations define the specific surety bond requirements (e.g., amount of coverage) that must be satisfied to obtain, maintain, and renew a license in the state.

Electronic Surety Bond Tracking in NMLS will allow for the tracking of surety bond requirements and the maintenance of surety bond information validated by authorized Surety Companies and/or Surety Bond Producers.

Contact the NMLS Call Center with any questions: 1-855-665-7123
Monday - Friday from 9:00AM to 9:00PM ET
Available from all U.S. States and Territories.