Commercial Surety Bonds

Utah Mortgage Broker Bonds

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Effective January 1st, 2004 Mortgage Brokers in the state of Utah are regulated by the Utah Division of Real estate. If you are applying for a Mortgage Brokers License or a Mortgage Lender’s License they are both categorized under the Mortgage Lender License. Any Broker or Lender that wishes to write mortgages in the state of Utah must be licensed. This applies to Brokers and Lenders in Utah and outside Utah as well.

Currently Utah does not have a Surety Bond requirement for Licensing.

Bad Credit Utah Mortgage Broker Bonds

Any applicant with less than perfect credit is encouraged to apply with JW Bond Consultants, Inc. We have a special program that is tailored to meet the needs of applicants that are considered higher risk.

Utah License Requirements

Age: 18

State Residency: Not Required

Experience: Not Required

Education: 20 hours of approved education

Continuing Education: 14 hours of approved education

Net Worth: N/A

Surety Bond: N/A

Background Check: Criminal, fingerprint and credit.

Utah State Licensing Fees

Initial Application: $171

Branch Location: $200

Branch Offices:

In State Requirements: Physical Location not required

Licensure Requirements: Each office must obtain separate license

Exemptions:

Entities: Banks, Credit Unions, Attorneys, Savings and Loan Companies

Safe Harbor: None

*This Information for licensing is provided only as a quick reference, make sure you contact the state to verify all information prior to making your application.

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