Wyoming Mortgage Lender/Broker Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| *$25,000 | 1 Year | $150 |
| *$50,000 | 1 Year | $300 |
| *$100,000 | 1 Year | $600 |
*Bond Amounts Based on Loan Volume
Mortgage lenders and brokers licensed in Wyoming are required to maintain a surety bond, with the required amount determined by licensing status and Wyoming loan volume. Required by the State of Wyoming, the mortgage lender/broker bond helps ensure licensees comply with state mortgage lending and brokering requirements.
Cost of the WY Mortgage Lender/Broker Bond
The cost of the Wyoming mortgage lender/broker bond varies based on the required bond amount. Secure your surety bond today.
The initial bond amount is $25,000. At renewal, the required bond amount is based on the volume of Wyoming loans made or brokered during the previous calendar year:
- $25,000 bond: $3 million or less
- $50,000 bond: More than $3 million but less than $10 million
- $100,000 bond: $10 million or more
How the WY Mortgage Lender/Broker Bond Works
The Wyoming mortgage lender/broker bond provides financial protection when a licensed mortgage lender or broker violates covered state requirements and causes financial harm.
The bond involves three parties:
Principal: Licensed mortgage lender or broker
Obligee: State of Wyoming
Surety: Bonding company
A claim against the bond may be filed when covered violations cause financial harm. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the WY Mortgage Lender/Broker Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Wyoming mortgage lender/broker license.
Learn more about your Wyoming surety bond options across the state.
Get Your WY Mortgage Lender/Broker Bond
Stay compliant with Wyoming licensing requirements by securing your mortgage lender/broker bond. Complete this form or call 855-457-2196 to get bonded.