Mortgage Company - Servicer Bond
SML Chapter 156 companies and Chapter 158 servicer surety
Texas residential mortgage activity is regulated by the Department of Savings and Mortgage Lending. Residential mortgage loan companies under Chapter 156 commonly participate in a recovery-fund path rather than a universal company bond; residential mortgage loan servicers under Chapter 158 must maintain surety (commonly up to $200,000, with a lower path for certain limited portfolios).
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Texas mortgage-related surety depends on license class — company recovery-fund participation versus residential mortgage loan servicer bonding under Tex. Fin. Code § 158.055.
The surety bond guarantees that the principal will perform the duties required under Tex. Fin. Code ch. 156; Tex. Fin. Code § 158.055 up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Texas obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Firms seeking SML residential mortgage loan company or residential mortgage loan servicer credentials — confirm whether your class uses recovery fund, surety, or both.
Verify your exact SML - NMLS license type, then file the required recovery-fund participation or electronic surety bond (ESB via NMLS for servicers as required by SML rules).
Share your license type, court order, or obligee form and the exact penal sum required by Texas Department of Savings and Mortgage Lending (SML).
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to Texas Savings and Mortgage Lending Commissioner or for your Texas filing package.
The amount is Servicers: up to $200,000 under § 158.055 (limited portfolio path up to $25,000 when applicable). Mortgage companies: confirm current Chapter 156 recovery-fund - financial-assurance path — do not assume a flat broker bond., as set under Tex. Fin. Code ch. 156; Tex. Fin. Code § 158.055 and confirmed with Texas Department of Savings and Mortgage Lending (SML).
The obligee is typically Texas Savings and Mortgage Lending Commissioner. Always match the exact name on the Texas form.
Many Texas filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Texas license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond