Montana Mortgage Lender Bond
Flat Rates and No Credit Check
| Annual Loan Production | Bond Amount Required | Bond Term | Annual Premium |
| No prior business in MT or less than 1 year in MT | $25,000 | 1 Year | $150 |
| Less than $50,000,000 | $25,000 | 1 Year | $150 |
| Less than $100,000,000 | $50,000 | 1 Year | $300 |
| More than $100,000,000 | $100,000 | 1 Year | $600 |
Any entity that closes, funds, or commits to funding residential mortgage loans, including sole proprietors, must be licensed as a mortgage lender and obtain this bond. Entities offering loan modifications also fall under this requirement. Bond amounts vary by loan volume and financial stability, with minimums typically ranging as follows:
| Annual Loan Production | Bond Amount | Annual Premium |
| No prior business in MT or less than 1 year in MT | $25,000 | $150 |
| Less than $50,000,000 | $25,000 | $150 |
| Less than $100,000,000 | $50,000 | $300 |
| More than $100,000,000 | $100,000 | $600 |
No credit check or financials needed up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.
Mortgage lenders conducting residential mortgage lending business in Montana must meet state licensing and bonding requirements. Required by the State of Montana, the Montana mortgage lender bond helps ensure compliance with state mortgage lending requirements and provides financial protection for covered violations.
Cost of the Montana Mortgage Lender Bond
The cost of the $25,000 to $100,000 Montana mortgage lender bond is $150 to $600 per bond term with NNA Surety. Secure this surety bond today.
How the Montana Mortgage Lender Bond Works
The Montana mortgage lender bond protects consumers by holding licensed mortgage lenders financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage lender
- Obligee: State of Montana
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Montana mortgage lender requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Montana Mortgage Lender Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $150 to $600 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Montana mortgage lender license.
Learn more about your Montana surety bond options across the state.
Get Your Montana Mortgage Lender Bond
Stay compliant with Montana licensing requirements by securing your mortgage lender bond today. Complete this form or call 855-457-2196 to get bonded.