Montana Mortgage Broker Bond

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's purpose is to provide a form of financial protection for consumers who engage with the services of the mortgage broker.

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.