R343-5-3 (Business Entity Surety Bond Requirements) lets a business entity provide bond coverage for the licensed mortgage loan originators who work exclusively for it, in place of individual bonds under R343-5-2. The required amount follows the entity’s annual origination volume: up to $10 million requires $25,000; $10 to $30 million requires $50,000; over $30 million requires $100,000. The rule is issued under Section 70D-3-205, which conditions licensure under the Financial Institution Loan Originator Licensing Act on a surety bond meeting the minimum bonding requirements required by rule. Confirm your tier with the Department of Financial Institutions before filing.

What the entity bond actually guarantees

You need this bond if you are

Your executed entity bond is issued ready to file with the Department of Financial Institutions. It arrives by email with the power of attorney attached.

Utah MLO Business Entity Bond: 0.6% of the bond amount, $100 minimum. UT sizes it $25,000-$100,000 by volume under R343-5-3. Exact price at the application.

Mortgage Loan Originator Bond (Business Entity)

Utah - Mortgage Loan Originator (Business Entity)

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.