Mortgage Broker Bonds: State By State

Recently we asked our readers, “
What Do You Want To Know About Surety Bonds?”. The majority of requests came from mortgage brokers wanting to know state specific information. We will be writing an article for every state that requires a surety bond filed with the mortgage broker license.

Below you will find a list of states that do not require a bond. Some states have dropped the requirement, others have never had the requirement.

  • Alaska
  • Colorado (Requirement may be soon to come, we will discuss this state at a later date.)
  • Massachusetts
  • Montana
  • Nevada

Throughout the series, we will discuss the remaining states in detail. Each article will discuss the bond amounts, risk associated, what to look out for, typical rates, and other state specific information.