South Dakota requires that mortgage lenders, brokers, mortgage brokerage companies or exempt mortgage company registration meet the Department of Labor & Regulation, Division of Banking requirements and have a bond as a condition of licensure. The surety bond ensures compliance of state laws and the duties performed in an honest and ethical manner.
Applicants must apply for licensure through the National Mortgage Licensing System (NMLS).
The premium that you pay for a South Dakota Mortgage Brokerage Company Surety Bond is based on credit and the bond amount required. Premiums start at .75% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific bonding needs.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application