Wyoming Mortgage Broker Surety Bond
Competitive Rates
| Bond Amount Required | Bond Term | Annual Premium |
| $25,000 | 1 Year | $150 |
Mortgage brokers subject to Wyoming licensing requirements must maintain the applicable surety bond. The $25,000 Wyoming mortgage broker surety bond helps ensure brokers comply with applicable state regulations and provides financial protection for obligations covered by the bond. Higher bond amounts may apply depending on residential mortgage loan volume.
Cost of the Wyoming Mortgage Broker Surety Bond
The Wyoming Mortgage Broker Surety Bond costs $150 annually for the $25,000 bond amount, with a one-year term. Higher bond amounts may be required based on residential mortgage loan volume in Wyoming. Complete the form to begin the bonding process.
How the Wyoming Mortgage Broker Surety Bond Works
The Wyoming mortgage broker surety bond helps protect eligible parties by holding mortgage brokers financially accountable for complying with applicable licensing requirements and obligations covered by the bond.
The bond involves three parties:
- Principal: Mortgage broker
- Obligee: State of Wyoming
- Surety: Bonding company
A claim against the bond may be filed when a mortgage broker fails to meet an obligation covered by the bond. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Wyoming Mortgage Broker Surety Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Confirm the required bond amount and pay the applicable premium.
- Receive the bond documentation required for your licensing process.
- Submit the bond as required for your Wyoming mortgage broker license.
Learn more about your Wyoming surety bond options across the state.
Get Your Wyoming Mortgage Broker Surety Bond
Ready to meet your Wyoming mortgage broker bonding requirements? Complete this form or call 855-457-2196 to get bonded.