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Vermont Mortgage Broker Surety Bond

Bond Requirements and Online Application

The Vermont Mortgage Broker Surety Bond is required by the State of Vermont Department of Financial Regulation.

The Vermont Mortgage Broker Surety Bond ensures the principle will abide by all Vermont state laws and regulations along with Title 8, Chapter 73 of the Vermont Statutes Annotated.

The required bond amount is determined by the total dollar amount of loans that the broker processes yearly:

Vermont Mortgage Broker Surety Bond

  • A loan volume between $0 and $2,000 requires a $25,000 bond.
  • A loan volume between $2,000 and $5,000 requires a $15,000 bond.
  • A loan volume between $5,000 and $15,000 requires a $75,000 bond.

The price for the bond, also known as the bond premium, is only a small fraction of the bond amount. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.

Valid: 1 year – Expires December 1st – Renewable

Licensing Fees and Requirements:

  • Surety bond
  • Authorization through NMLS
  • Fingerprinting
  • $500 licensing fee
  • $500 investigation fee
  • $100 NMLS processing fee

All licensing fees are required by the obligee, not the surety company.

CLICK HERE for additional licensing information from the State of Vermont, Department of Financial Regulation.

APPLY for this bond and get a free quote here

How to Get Your Vermont Mortgage Broker Surety Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Vermont Mortgage Broker Surety Bond!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

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