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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:
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.
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 OnlineUsing our Free & Secure Application2. Get Your Free QuoteApplications are No-Obligation3. Get Your BondMost Bonds are Approved in 1-2 Business Days