VT mortgage broker bonds.
0.6% of the bond amount, $100 minimum.
Vermont licenses mortgage brokers through the Department of Financial Regulation, and 8 V.S.A. § 2203 sets the bond by the volume of mortgage loans you broker — $25,000 up to $100,000. 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.
Broker bonds are a filing, not a negotiation. Here's the entire process:
Apply online
Business details, the bond tier that matches your volume, 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 broker 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
Vermont licenses mortgage brokers under 8 V.S.A. Chapter 73, administered by the Commissioner of Financial Regulation. A broker arranges or negotiates mortgage loans for Vermont borrowers without lending its own money, and the license is conditioned on a surety bond that scales with how much business you place.
Section 2203 sets the tiers by the volume of mortgage loans brokered: $25,000 for $0 to $2 million, $50,000 above $2 million to $5 million, $75,000 above $5 million to $15 million, and $100,000 at $15 million or more. The bond runs to the State for the use of the State and of any person who may have a cause of action against you.
It is not insurance for you — if the surety pays a claim, you repay the surety. As your brokered volume crosses a tier, the bond amount has to move with it, so the filing stays current; 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 for your tier, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Vermont bonds.
Finish your broker license filing today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.