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Montana Mortgage Broker Bond

Bond Details

  • Montana Mortgage Broker Bond – $25,000 bond – $150 per year
  • Montana Mortgage Broker Bond – $50,000 bond – $300 per year
  • Montana Mortgage Broker Bond – $100,000 bond – $600 per year

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.