Individual mortgage loan originators and mortgage companies operating in Colorado. Required when: Required as a condition of initial licensure and must be maintained at all times during active licensure. Exemptions: Registered mortgage loan originators (employees of depository institutions or their subsidiaries) are e…
Overview
What it is.
Individual mortgage loan originators and mortgage companies operating in Colorado. Required when: Required as a condition of initial licensure and must be maintained at all times during active licensure. Exemptions: Registered mortgage loan originators (employees of depository institutions or their subsidiaries) are e…
Who usually needs it
Individual mortgage loan originators and mortgage companies operating in Colorado.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCOBond amount$25,000 for an individual license; $100,000 for a mortgage company with fewer t…Term lengthContinuousObligeeColorado Department of Regulatory Agencies (DORA), Division of Real Estate, Board of Mortgage Loan OriginatorsRenewalThe bond remains in effect continuously until cancelled. Licensees must ensure the bond is kept current in the Nationwide Multistate Licensing System (NMLS) and must renew their license annually between November 1 and D…Bond classLicense BondCategoryFinancial ServicesBondMortgage Loan Originator Surety BondStatutory referenceC.R.S. § 12-10-717JurisdictionState
