Montana Mortgage Servicer Bond
Montana mandates mortgage servicers to post a surety bond as part of their licensing process through the Montana Division of Banking and Financial Institutions. The bond serves as a financial safeguard for consumers who engage with the services of the mortgage servicer.
The bond amount is determined based on factors like the lender's loan volume and financial stability, with minimum amounts typically ranging from $75,000 to $350,000. It's essential for mortgage servicers to maintain an active and valid bond throughout their licensing tenure.
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.
The Simple Bonding Process
Request a free quote or view your price
Take the first step by requesting a free quote or viewing the price to discover unbeatable value.
Sign your contract and pay the premium.
Buy right now or easily get a quote for your surety bond.
Receive your surety or fidelity bond.
It's just that easy!
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