Residential mortgage loan brokers (companies) licensed in Missouri. Required when: Prior to the issuance or renewal of a license. Exemptions: Depository institutions and their employees; manufactured housing office exemption (with affidavit).
Overview
What it is.
Residential mortgage loan brokers (companies) licensed in Missouri. Required when: Prior to the issuance or renewal of a license. Exemptions: Depository institutions and their employees; manufactured housing office exemption (with affidavit).
Who usually needs it
Residential mortgage loan brokers (companies) licensed in Missouri.
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.
StateMOBond amountBased on the dollar amount of loans originated, funded, or serviced in the prev…Term lengthContinuousObligeeMissouri Division of FinanceRenewalLicensees must submit a copy of their surety bond continuation certificate by December 31 each year. Bond increases based on volume must be posted with the Division of Finance by May 1 each year.Bond classLicense BondCategoryManufactured HousingBondResidential mortgage loan broker bondStatutory referenceRSMo Section 443.849JurisdictionState
