Entities (partnerships, corporations, etc.) applying for a Residential Mortgage Entity license in Utah to transact the business of residential mortgage loans. Required when: Application for or renewal of a Residential Mortgage Entity license. Exemptions: Depository institutions; certain government entities; individual…
Overview
What it is.
Entities (partnerships, corporations, etc.) applying for a Residential Mortgage Entity license in Utah to transact the business of residential mortgage loans. Required when: Application for or renewal of a Residential Mortgage Entity license. Exemptions: Depository institutions; certain government entities; individual…
Who usually needs it
Entities (partnerships, corporations, etc.) applying for a Residential Mortgage Entity license in Utah to transact the business of residential mortgage loans.
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.
StateUTBond amountBased on the dollar amount of Utah residential mortgage loans originated, arran…Term lengthContinuousObligeeUtah Division of Real EstateRenewalThe bond must be maintained as long as the license is active and is managed/verified annually during the license renewal period through the Nationwide Multistate Licensing System (NMLS).Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceUtah Code § 61-2c-204JurisdictionState
