Colorado Mortgage Loan Originator Company Bond (>20 Licensees)
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $200,000 | 1 Year | $1,200 |
Colorado mortgage loan originators may satisfy the state's surety bond requirement through a qualifying company bond. For a company with 20 or more individuals required to be licensed, the minimum company bond amount is $200,000 when the covered MLOs meet the applicable employment or exclusive-agent conditions.
Cost of the Colorado Mortgage Loan Originator Company Bond
NNA Surety offers a $200,000 bond amount, 1-year term, and $1,200 annual premium for the Colorado Mortgage Loan Originator Company Bond for companies with 20 or more licensees. Complete this form to get your bond today.
Who Can Use the $200,000 Company Bond?
Colorado's mortgage loan originator rules provide that MLOs who are employees or exclusive agents of a company with 20 or more individuals required to be licensed, and who do not work for more than one company, may at a minimum operate under a qualifying $200,000 company surety bond. The bond must conform to Colorado requirements, cover the acts of the company's covered employees or exclusive agents, and use the Board-approved company bond form.
How the Colorado MLO Company Bond Works
The bond provides financial protection for persons who may have a cause of action arising from covered wrongful acts of the company's mortgage loan originator employees or exclusive agents, including acts identified in Colorado's bond requirements such as fraud or forgery.
Principal: Colorado mortgage company providing company bond coverage
Obligee: State of Colorado / Division of Real Estate
Surety: Surety company authorized to do business in Colorado
How to Get the Colorado Mortgage Loan Originator Company Bond
- Confirm that the company has 20 or more individuals required to be licensed and that the MLOs meet the conditions for company bond coverage.
- Complete the online application through the NNA/Propeller affiliate link.
- Purchase the required $200,000 company bond and pay the confirmed $1,200 annual premium.
- Use the Colorado Board-approved company surety bond form and provide the required bond information to the Division.
- Maintain continuous bond coverage and the required E&O insurance.
Review the Colorado Division of Real Estate MLO insurance requirements and Colorado MLO industry forms for current requirements and approved bond forms.
Get Your Colorado Mortgage Loan Originator Company Bond
Start your $200,000 Colorado MLO Company Bond application online.
For assistance, call 855-215-2160.