Vermont mortgage broker bonds.
From $150.
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, and the bond issues the moment you pay. No credit check up to $250,000.
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How much does a Vermont mortgage broker bond cost?
0.6% of the bond amount, from $150 at the $25,000 minimum. Enter your amount in the calculator for the exact price.
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 application. No credit check up to $250,000.
Pay & e-sign
The premium is 0.6% of the bond amount, 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
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 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 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 for your tier, 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 (this page) | 8 V.S.A. § 2203 | $25,000 or more | From $150 |
| Loan Servicer License Bond ($100,000) | 8 V.S.A. § 2903 | Varies | From $100 |
Other Vermont bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your broker license filing today.
0.6% of the bond amount, issued the moment you pay. Free until issued.