Vermont loan servicer bonds.
From $100.
Vermont licenses loan servicers under 8 V.S.A. Chapter 85, and § 2903 requires the applicant to file a $100,000 bond, or such sum as the Commissioner requires, with the Department of Financial Regulation before the license issues. The premium is 0.6% of the bond amount, $100 minimum.
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How much does a Vermont loan servicer bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The servicer bond is a filing, not a negotiation. Here's the entire process:
Apply online
Business details, the bond amount DFR set, an effective date, and a term. That is the application. No credit check up to $250,000.
Pay & e-sign
The premium is 0.6% of the bond amount with a $100 minimum, so your exact price is on screen before you pay — and the executed bond and power of attorney generate the moment you do.
File through NMLS
Vermont takes the servicer bond electronically through NMLS. Your executed bond arrives by email and the electronic surety bond goes up for you to authorize on your NMLS Tasks tab.
What it is and who needs it.
What the bond actually guarantees
A loan servicer — the company that collects payments, administers escrow, and handles the account after a Vermont loan closes — is licensed under 8 V.S.A. Chapter 85 by the Commissioner of Financial Regulation. The license is separate from the lender and broker licenses in Chapter 73, and it carries its own bond.
Section 2903 requires the applicant, prior to issuance of the license, to file a bond of $100,000 or such sum as the Commissioner may require. It stands behind your compliance with the servicing law — the payment-handling, escrow, and consumer-protection duties Vermont borrowers rely on when their loan changes hands.
It is not insurance for you — if the surety pays a claim, you repay the surety. A surety cannot walk away quietly either: no surety obligation terminates without at least 60 days' prior written notice to you and the Commissioner. We track your term and send renewal notices 60 and 30 days out.
You need this bond if you're
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. Vermont takes the servicer bond electronically through NMLS. Your executed bond arrives by email and the electronic surety bond goes up for you to authorize on your NMLS Tasks tab.
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 $250,000. 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 DFR set, an effective date, and a term. That is the application.
Start the application →Common questions.
Vermont mortgage license bonds.
We write 2 mortgage license bonds in Vermont. 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 License Bond | 8 V.S.A. § 2203 | $25,000 or more | From $150 |
| Loan Servicer License Bond ($100,000) (this page) | 8 V.S.A. § 2903 | Varies | From $100 |
Other Vermont bonds.
Price and requirements checked on the carrier’s application, . Page updated .
File your servicer bond with DFR today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.