Wisconsin Mortgage Broker Surety Bond

Bond Details

Wisconsin Mortgage Broker Surety Bond – $120,000 bond – $720 per year

Overview

The Wisconsin Department of Financial Institutions (DFI) requires mortgage brokers to maintain a $120,000 mortgage broker bond as part of their licensing process. The bond's purpose is to protect consumers and provide a financial guarantee in the event a person or entity is financially harmed by the licensee's actions. The NNA has secured a $720 flat rate for all Wisconsin mortgage brokers.