Vermont Mortgage Broker Bond
Flat Rates & No Credit Check
| Annual Origination Volume | Bond Amount Required | Bond Term | Annual Premium |
| $0-$2,000,000 | $25,000 | 1 Year | $150 |
| $2,000,001-$5,000,000 | $50,000 | 1 Year | $300 |
| $5,000,001-$15,000,000 | $75,000 | 1 Year | $450 |
| Excess $15,000,001 | $100,000 | 1 Year | $600 |
The Department of Financial Regulation requires mortgage brokers to maintain a surety bond in an amount ranging from $25,000- $150,000 as part of the licensing process. The amount of the bond required varies according to annual origination volume, according to the chart below:
| Annual Origination Volume | Bond Amount Required | Annual Premium |
| $0- $2,000,000 | $25,000 | $150 |
| $2,000,001- $5,000,000 | $50,000 | $300 |
| $5,000,001- $15,000,000 | $75,000 | $450 |
| $15,000,001+ | $100,000 | $600 |
The Department of Financial Regulation requires mortgage brokers to maintain a surety bond in an amount ranging from $25,000-$150,000 as part of the licensing process. The amount of the bond required varies according to annual origination volume, according to the chart above.
Cost of the Vermont Mortgage Broker Bond
The cost of the $25,000 Vermont mortgage broker bond is $150 per bond term with NNA Surety. Secure this surety bond today.
The NNA has secured a premium of $6 per $1,000 in bond liability for all mortgage brokers in Vermont without a credit check.
How the Vermont Mortgage Broker Bond Works
The Vermont mortgage broker bond protects consumers by holding licensed mortgage brokers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage broker
- Obligee: State of Vermont
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Vermont mortgage broker requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Vermont Mortgage Broker Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $150 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Vermont mortgage broker license.
Learn more about your Vermont surety bond options across the state.
Get Your Vermont Mortgage Broker Bond
Stay compliant with Vermont licensing requirements by securing your mortgage broker bond today. Complete this form or call 855-457-2196 to get bonded.