Montana mortgage broker bonds.
From $100.

Every mortgage broker licensed under the Montana Mortgage Act must be covered by a surety bond running to the state of Montana as obligee under MCA 32-9-123. The amount steps with your combined annual loan production. Premium is 0.6% of the bond amount, $100 minimum.

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Required to hold a Montana mortgage broker license under MCA 32-9-123

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Amount steps with annual loan production — $25,000, $50,000, or $100,000

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0.6% of the bond amount, $100 minimum — exact price at the application, issued the moment you pay

0.6% rate$100 minimumInstantissuance at checkoutNo credit check up to $100,000above that, a soft pull at most, never a hard inquiry

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Price

How much does a Montana mortgage broker bond cost?

0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.

How it works

Three steps. One sitting.

The Montana mortgage broker bond is an NMLS filing, not an underwriting project. Here is the entire process:

NOW · ONLINE

Apply online

Business details, the bond amount your production tier requires, an effective date, and a term. No credit check up to $100,000.

INSTANTLY

Pay & e-sign

Your exact premium is 0.6% of the bond amount, $100 minimum — shown before you pay, and the bond is issued the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

File through NMLS

Upload the executed bond to your Montana mortgage broker record in NMLS for the Division of Banking and Financial Institutions. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Montana licenses residential mortgage brokers under the Montana Mortgage Act (Title 32, chapter 9, part 1, MCA), administered by the Department of Administration acting through its Division of Banking and Financial Institutions. MCA 32-9-123 requires the licensee to be covered by a surety bond, and a loan originator employed by a licensed broker may be covered by the broker's bond in place of an individual one.

The bond runs to the state of Montana as obligee, and it runs first to the benefit of the borrower and then to the state and anyone who suffers loss from a violation of the Act or its rules by the licensee or its loan originators. The amount is not a flat number: MCA 32-9-123(2)(b) scales it to combined annual loan production — $25,000 up to $50 million a year, $50,000 above $50 million through $100 million, and $100,000 above $100 million.

It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is filed and maintained through NMLS, the licensee must notify the department through NMLS within 15 days of an action or judgment against the bond, and a surety cannot cancel without 30 days' notice to the department. We track the term and send renewal notices 60 and 30 days out.

MCA 32-9-123Section 32-9-123, MCA, is the surety bond requirement of the Montana Mortgage Act. The bond must run to the state of Montana as obligee and must run first to the benefit of the borrower and then to the benefit of the state and any person who suffers loss by reason of the licensee's or its loan originator's violation of the part or the rules adopted under it. Subsection (2)(b) sets the mortgage broker and mortgage lender amounts by combined annual loan production: $25,000 for production not exceeding $50 million a year, $50,000 for more than $50 million but not exceeding $100 million, and $100,000 for more than $100 million. Confirm the amount on your NMLS license record.

You need this bond if you're

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Applying for a Montana mortgage broker license — the bond is filed with the license through NMLS

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Renewing your license — the bond must stay continuously on file with the Division of Banking and Financial Institutions

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Crossing a production tier — annual loan production above $50 million or $100 million steps the required amount up

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Covering employed loan originators under the licensed broker's bond instead of individual bonds

After you buy

Claims, renewal, filing, and what sets the price.

If a claim is made

A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.

The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.

Renewal and term

The premium covers a one-year term from the effective date you choose.

Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.

How to file it

File through NMLS. Upload the executed bond to your Montana mortgage broker record in NMLS for the Division of Banking and Financial Institutions. Wet-ink original mailed on request.

What sets the price

The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.

No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score.

Where a check runs, it decides approval; the rate is the same for everyone approved.

One application, issued instantly.

These are the actual issuing fields — business details, the bond amount your production tier requires, an effective date, and a term.

Start the application →

FAQ

Common questions.

How much is the Montana mortgage broker bond?The premium is 0.6% of the bond amount, with a $100 minimum. On the $25,000 first-tier bond that is $150. Your exact price appears at the application, before you pay.

What bond amount do I need?MCA 32-9-123(2)(b) sets it from your combined annual loan production: $25,000 if production does not exceed $50 million a year, $50,000 for more than $50 million through $100 million, and $100,000 above $100 million. Your NMLS record shows the amount on file.

Do I pay the full bond amount?No. You pay the premium — 0.6% of the bond amount, $100 minimum. The bond amount is the surety's maximum liability if a valid claim is made, not a deposit, and nobody holds your money.

Is there a credit check?No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score. The rate stays 0.6% of the bond amount either way.

Where do I file it, and can it be cancelled?You file it through NMLS to your Montana license record with the Division of Banking and Financial Institutions. A surety cannot cancel the bond without 30 days' notice to the department, and you must notify the department through NMLS within 15 days of an action or judgment against it.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Which license is yours

Montana mortgage license bonds.

We write 3 mortgage license bonds in Montana. Each license has its own bond, amount and price; pick the one your license calls for.

License bond	Required by	Bond amount	Price
Mortgage Broker Bond (this page)	MCA 32-9-123	Varies	From $100
Mortgage Lender Bond	MCA 32-9-123	Varies	From $100
Mortgage Servicer Bond	MCA 32-9-123(2)(c)	Varies	From $100

Related bonds

Other Montana bonds.

Nearby states

The same bond in nearby states.

Price and requirements checked on the carrier’s application, 13 October 2026. Page updated 2 November 2026.

Finish your Montana mortgage broker filing today.

0.6% of the bond amount, $100 minimum, issued the moment you pay, no credit check up to $100,000. Free until issued.

Start application