MT mortgage lender bonds.
0.6% rate. $100 minimum.

A mortgage lender licensed under the Montana Mortgage Act must carry a surety bond running to the state of Montana as obligee — first for the benefit of the borrower, then the state — under MCA 32-9-123. The amount steps with your combined annual loan production. Premium is 0.6% of the bond amount, $100 minimum, your exact price appears at the application, and the bond is issued the moment you pay. Any credit screen is a soft pull only — it never affects your score.

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Required to hold a Montana mortgage lender 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 checkoutSoft pullnever a hard inquiry

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How it works

Three steps. One sitting.

The Montana mortgage lender 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. That is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.

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 lender 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

Under the Montana Mortgage Act a mortgage lender is an entity that closes a residential mortgage loan, advances or commits to advance funds for a mortgage applicant, or holds itself out as able to do so. Licensing sits with the Department of Administration acting through its Division of Banking and Financial Institutions, and MCA 32-9-123 requires the licensee to be covered by a surety bond — which can also cover the loan originators it employs.

The bond runs to the state of Montana as obligee and runs first to the benefit of the borrower, then to the state and any person who suffers loss from a violation of the Act or its rules. MCA 32-9-123(2)(b) scales the amount 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 — so a growth year can move you up a tier at renewal.

It is not insurance for you — a paid claim is money you repay the surety. The bond is filed and maintained through NMLS, the licensee notifies 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 lender and mortgage broker 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 lender 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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Sponsoring loan originators whose coverage rides on the licensed lender's bond

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 lender bond?The premium is 0.6% of the bond amount, with a $100 minimum. On the $50,000 second-tier bond that is $300. 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.

Does my bond cover my loan originators?It can. Under MCA 32-9-123 a mortgage loan originator who is an employee of a licensed mortgage lender or mortgage broker may be covered by the licensee's bond in place of an individual originator bond.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it 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.

Related bonds

Other Montana bonds.

Finish your Montana mortgage lender filing today.

0.6% of the bond amount, $100 minimum, issued the moment you pay, soft pull only. Free until issued.

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Your premiumfrom $100

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