Vermont Mortgage Loan Servicer Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $100,000 | 1 Year | $600 |
Loan servicers conducting licensed loan servicing activities in Vermont must maintain a surety bond as part of state licensing requirements. Required by the State of Vermont, the Vermont mortgage loan servicer bond helps ensure compliance with state loan servicing requirements and provides financial protection for covered violations.
Cost of the Vermont Mortgage Loan Servicer Bond
The cost of the $100,000 Vermont mortgage loan servicer bond is $600 per bond term with NNA Surety. Secure this surety bond today.
The NNA has secured a $600 flat rate for all Vermont loan servicers without a credit check.
How the Vermont Mortgage Loan Servicer Bond Works
The Vermont mortgage loan servicer bond protects consumers by holding licensed loan servicers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage loan servicer
- Obligee: State of Vermont
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Vermont loan servicing requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Vermont Mortgage Loan Servicer Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $600 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Vermont mortgage loan servicer license.
Learn more about your Vermont surety bond options across the state.
Get Your Vermont Mortgage Loan Servicer Bond
Stay compliant with Vermont licensing requirements by securing your mortgage loan servicer bond today. Complete this form or call 855-457-2196 to get bonded.