Wyoming mortgage broker bonds.
$150 flat.
Every Wyoming mortgage licensee maintains a surety bond to the State of Wyoming under W.S. 40-23-110, covering the loan originators it employs or contracts with. This is the $25,000 version of that bond, written at a $150 flat premium.
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How much does a Wyoming mortgage broker bond cost?
$150 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
No quote round-trip on a checkout-priced bond — apply, pay, and attach the executed bond to your NMLS record. Here is the whole thing:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $150 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Attach the executed bond to your NMLS company record for the Wyoming Division of Banking. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Wyoming licenses mortgage brokers and lenders through the Division of Banking under the Residential Mortgage Practices Act, and all license activity runs through NMLS. W.S. 40-23-110(a) requires every licensee to maintain a surety bond to the State of Wyoming, and the statute is explicit that the bond is there to cover the individual loan originators employed by or under contract with the licensee.
If the licensee — or anyone it employs or contracts with — violates the Act, a rule or order under it, or federal mortgage lending law, and damages someone, the bond is forfeited and paid by the surety to the State of Wyoming for the benefit of the person damaged, up to the face amount. The surety's liability never exceeds that face amount no matter how many claims are made.
It is not insurance for you — if the surety pays, you repay the surety. The bond is a continuing obligation that stays effective until the commissioner releases it in writing, and if it is never released it runs for two years past the surrender, revocation, or expiration of your license. We track the 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 $25,000 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; a longer term is the same price per year, chosen at checkout.
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. Attach the executed bond to your NMLS company record for the Wyoming Division of Banking. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $150 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Wyoming mortgage license bonds.
We write 3 mortgage license bonds in Wyoming. 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 Bond ($25,000) (this page) | W.S. 40-23-110 | $25,000 | $150 |
| Mortgage Lender / Broker Bond | W.S. 40-23-110(a) | Varies | From $100 |
| Exempt Company Registration Bond ($25,000) | W.S. 40-23-110 | $25,000 | $150 |
Other Wyoming bonds.
The same bond in nearby states.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Mortgage broker bond, filed today.
$150 flat, issued the moment you pay, no credit check. Free until issued.