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  • 855-215-2160

Colorado Mortgage Loan Originator Bond - Individual

Bond Details

  • CO Mortgage Loan Originator Bond (Individual) – $25,000 bond – $150 per year
  • CO Mortgage Loan Originator Bond (Company) – $100,000 bond – $600 per year
  • CO Mortgage Loan Originator Bond (Company) – $200,000 bond – $1,200 per year

Overview

Colorado mortgage broker bonds are divided into two types: individual and company. The bond amount varies between the two. Individual mortgage broker bonds require a minimum of $25,000. Companies with less than 20 licensees must obtain a minimum $100,000 surety bond. Companies with 20 or more licensees require a minimum of $200,000 surety bond. No credit check or financials are needed for up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.