WY 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 — the price you see is the checkout price, the bond issues the moment you pay, and any credit screen is a soft pull only, never a hard inquiry.

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Required to hold a Wyoming mortgage broker license under W.S. 40-23-110(a)

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Fixed price, fixed amount — $25,000 bond, $150 flat, no quote process

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Filed through NMLS with the Wyoming Division of Banking

A-ratedA.M. Best carriersInstantissuance at checkout$150 flatsame price at checkout

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How it works

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:

NOW · ONLINE

Apply online

Business details, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

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.

SAME DAY

File through NMLS

Attach the executed bond to your NMLS company record for the Wyoming Division of Banking. Wet-ink original mailed on request.

About this bond

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.

W.S. 40-23-110Section 40-23-110 of the Wyoming Residential Mortgage Practices Act requires all licensees to maintain a surety bond to the state of Wyoming covering the individual loan originators they employ or contract with. Subsection (a)(i) set the amount at twenty-five thousand dollars ($25,000.00) through December 31, 2009, and subsection (a)(ii) provides that from January 1, 2010 the amount is established by rule of the banking commissioner based on the volume of business the licensee transacts. This bond is issued at the $25,000 penal sum — confirm the amount your NMLS license record requires before you buy, and we will write whichever amount applies.

You need this bond if you're

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Applying for a Wyoming mortgage broker license — the bond is filed through NMLS with the application

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Renewing your license — the bond has to stay continuously on file with the commissioner

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Employing or contracting with loan originators — the bond exists to cover them

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Replacing a bond after a surety non-renewal or a change in your required penal sum

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 →

FAQ

Common questions.

How much is the Wyoming mortgage broker bond?The premium is $150 flat at the $25,000 penal sum — set by our carrier's rate book, the same for every broker. There is no quote process, and the price you see is the checkout price.

Do I pay the $25,000?No. You pay $150. The $25,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

What if my required bond amount is not $25,000?Since January 1, 2010, W.S. 40-23-110(a)(ii) has the banking commissioner set the amount by rule based on the volume of business you transact, so your NMLS record is the authority. If it calls for a different penal sum, use our Wyoming mortgage lender / broker bond, which is priced by amount.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The price stays $150 flat either way.

Where do I file it?With the Wyoming Division of Banking through your NMLS company record. We issue the executed bond ready to upload as an electronic surety bond or attach as a scanned original; the bond stays effective until the commissioner releases it in writing.

Related bonds

Other Wyoming bonds.

Mortgage broker bond, filed today.

$150 flat, issued the moment you pay, soft pull only. Free until issued.

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Your price$150

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