Any company seeking a license to engage in mortgage brokering or mortgage lending activities in Wyoming. Required when: Obtaining or maintaining a license under the Wyoming Residential Mortgage Practices Act. Exemptions: Exemptions include depository institutions (banks, savings and loans, credit unions), their subsid…
Overview
What it is.
Any company seeking a license to engage in mortgage brokering or mortgage lending activities in Wyoming. Required when: Obtaining or maintaining a license under the Wyoming Residential Mortgage Practices Act. Exemptions: Exemptions include depository institutions (banks, savings and loans, credit unions), their subsid…
Who usually needs it
Any company seeking a license to engage in mortgage brokering or mortgage lending activities in Wyoming.
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.
StateWYBond amount$25,000Term lengthContinuousObligeeWyoming Division of BankingRenewalThe bond must be maintained continuously and updated annually during the NMLS renewal period (November 1 through December 31) based on the prior year's loan volume.Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceWyo. Stat. § 40-23-110JurisdictionState
