Montana Mortgage Broker Bond
This bond is required for any entity, including sole proprietors, that obtains, attempts to obtain, or assists in obtaining a mortgage loan for a borrower in exchange for compensation. Refer to the table below to determine the required bond amount.
| Annual Loan Production | Bond Amount | Annual Premium |
| No prior business in MT or less than 1 year in MT | $25,000 | $150 |
| Less than $50,000,000 | $25,000 | $150 |
| Less than $100,000,000 | $50,000 | $300 |
| More than $100,000,000 | $100,000 | $600 |
Overview
Montana requires mortgage brokers to post a surety bond as part of the licensing process through the Montana Division of Banking and Financial Institutions. The bond provides financial protection for consumers who engage the broker's services.
The bond amount is typically determined based on the broker's loan volume and financial stability, with amounts ranging from $25,000 to $1000,000. Mortgage brokers must maintain a valid and active bond throughout their licensing period.
No credit check or financials needed up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.