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…
Overview
What it is.
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…
Who usually needs it
Entities licensed as mortgage brokers, mortgage lenders, or mortgage servicers in Montana.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StateMTBond amountThe bond amount is determined by the licensee's combined annual loan production…Term lengthContinuousObligeeMontana Division of Banking and Financial InstitutionsRenewalThe bond remains in effect continuously until canceled. The required bond amount is reviewed annually based on the licensee's reported loan production volume for the preceding year.Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceMont. Code Ann. § 32-9-123JurisdictionState
