Wyoming mortgage lender bonds.
From $100.
A Wyoming mortgage lender or broker maintains this bond to the State under W.S. 40-23-110, covering the loan originators it employs or contracts with. Since January 1, 2010 the penal sum has been set by rule of the banking commissioner based on your volume of business. The premium is 0.6% of the bond amount, $100 minimum.
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How much does a Wyoming mortgage lender bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip — enter your amount, pay, and attach the executed bond to your NMLS record. Here is the whole thing:
Apply online
Business details, your state of formation, the penal sum your license requires, an effective date, and a term. That is the application. No credit check up to $100,000.
Pay & e-sign
The premium is 0.6% of the bond amount, $100 minimum, priced at checkout — so the bond issues the moment you pay and your power of attorney generates 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 mortgage licensee bond covers
Wyoming licenses mortgage lenders and brokers 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 all licensees to maintain a surety bond to the state of Wyoming, and the statute is explicit that the bond is used to cover the individual loan originators employed by or under contract with the licensee.
The amount is not a single statewide number. W.S. 40-23-110(a)(i) set it at $25,000 through the end of 2009; since January 1, 2010 subsection (a)(ii) has the banking commissioner establish it by rule based on the volume of business the licensee transacts. Your NMLS license record states the penal sum currently required — enter that amount and the price follows it.
If the licensee or someone it employs violates the Act, a rule or order under it, or federal mortgage lending law and damages a person, the bond is forfeited and paid to the State of Wyoming for that person's benefit, up to the face amount. It is not insurance for you — if the surety pays, you repay the surety. The bond is continuous until the commissioner releases it in writing, and otherwise expires two years after your license is surrendered, revoked, or expires.
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. 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 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 $100,000.
One application, issued instantly.
These are the actual issuing fields — business details, your state of formation, the penal sum, an effective date, and a term.
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) | W.S. 40-23-110 | $25,000 | $150 |
| Mortgage Lender / Broker Bond (this page) | 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.
Price and requirements checked on the carrier’s application, .
Mortgage licensee bond, filed today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.