Surety Bond
Entities licensed as mortgage brokers, mortgage lenders, or mortgage servicers in Montana. Required when: Required as a condition of initial licensure and must be maintained for the duration of the license. Exemptions: Entities exempt under MCA 32-9-104, including federally insured depository institutions, their subsi…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "The bond amount is determined by the licensee's combined annual loan productio…. Other available requirements: "The bond amount is determined by the licensee's combined annual loan production: $25,000 for production up to $50 million (including new applicants with no prior history); $50,000 for production between $50 million and $100 million; and $…. Exact options still depend on the obligee, state, and underwriting.
