Wisconsin Mortgage Broker Surety Bond
The Wisconsin Department of Financial Institutions (DFI) requires mortgage brokers to maintain a $120,000 mortgage broker bond as part of their licensing process, and the bond is submitted electronically through the NMLS system.
| Bond Amount Required | Annual Premium |
| $120,000 | $720 |
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.