VT loan servicer bonds.
0.6% of the bond amount, $100 minimum.
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, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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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 entire application — no financial statements, and any credit screen is a soft pull that never shows as a hard inquiry.
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
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 entire application.
Start the application →Common questions.
Other Vermont bonds.
File your servicer bond with DFR today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.