West Virginia Surety Bonds

Surety Bond Requirements in WV

West Virginia requires certain professionals, businesses, and individuals to post a surety bond to protect their customers and, in some cases, the state. In addition to bonds mandated by state authorities, some WV cities and counties require them for a variety of trades and professions.

NNA Surety Bonds has been providing reliable policies to companies and individuals across the United States since 1957. We carry several popular WV bonds, including:

  • Collection agency bonds
  • Motor vehicle dealer bonds
  • Mortgage broker bonds
  • Real estate broker bonds

We offer the following surety bonds in the state of West Virginia:

Collection Agency Bond

Collection agencies wishing to do business in West Virginia must post a $5,000 surety bond to the State Tax Department with their license application. The cost for your WV collection agency bond is $100 paid annually. 

If your debt collection business mishandles personal information, fails to report and pay collections to clients, or otherwise violates the terms of the bond agreement, money from the bond can be used to compensate the affected party. You must then repay the awarded amount back to the surety company who issued the bond.

Mortgage Broker Surety Bond

Mortgage brokers in the Mountain State must post a surety bond in an amount ranging from $50,000 to $150,000, according to the West Virginia Residential Mortgage Lender, Broker and Servicer Act.

Mortgage broker licensing is handled through the Nationwide Multistate Licensing System (NMLS). The required bond coverage amount for your business depends on your previous year’s loan volume:

Bond Amounts for WV Mortgage Brokers
Loans Originated Annually Bond Amount Required
0 to $3,000,000 $50,000
$3,000,000 to $10,000,000 $75,000
Over $10,000,000 $100,000
Table-funded lenders $150,000

Annual premium costs for this bond will vary based on your credit score.

Motor Vehicle Dealer Bond

To sell new cars, used cars, motorcycles or trailers in West Virginia, you’ll need to post a $25,000 surety bond with the Department of Motor Vehicles along with your license application. Note: this bond is not required for repo-financial institutions, manufacturers and transporters.

With excellent credit, your premium for a WV auto dealer bond can be as low as $250 per year.

Real Estate Broker Surety Bond

West Virginia real estate brokers, also known as real estate salespersons, are required to post a $2,000 surety bond along with their license application to the state. Your annual premium for this bond is $69.

West Virginia Surety Bond Costs
Bond Name Coverage Amount Cost
(Annual Premium)
Regulatory Authority
Collection Agency Bond $5,000 $100 West Virginia State Tax Department
Mortgage Broker Bond $50,000–$150,000 $750–$1,500* West Virginia Division of Financial Institutions
Motor Vehicle Dealer Bonds $25,000 $250* West Virginia Division of Motor Vehicles
Real Estate Broker Bond $2,000 $69 West Virginia Real Estate Commission

* Cost can vary depending on the bond amount required and your credit rating

Get Your West Virginia Surety Bond


Our knowledge of West Virginia surety bond requirements allows our team to provide accurate quotes quickly. For guidance through the process of selecting license bonds for your business, talk to one of our experts today.

For faster service, call us at 855-215-2160
Monday to Friday, 6 a.m. to 5 p.m. (PT)