Colorado Mortgage Loan Originator Bond - Individual
Individual Mortgage Loan Originators in Colorado must post a $25,000 Mortgage Loan Originator bond if their sponsoring company does not post a company bond for its licencees.
| Bond Amount Required | Annual Premium |
| $25,000 | $150 |
Overview
Colorado mortgage broker bonds are divided into two types: individual and company. The bond amount varies between the two. Individual mortgage broker bonds require a minimum of $25,000. Companies with less than 20 licensees must obtain a minimum $100,000 surety bond. Companies with 20 or more licensees require a minimum of $200,000 surety bond. No credit check or financials are needed for up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.