Commercial Surety Bonds

Vermont Mortgage Broker Bonds

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Mortgage Brokers in the state of Vermont are regulated by the Vermont Department Banking, Insurance, Securities & Health Care Administration. The licensee may only operate under the name that is on the license. The department will issue additional licenses for additional companies or branches. It is imperative that business is only conducted from the physical location listed on the license.

The Surety Bond requirement for Mortgage Brokers is $25,000 with no net worth requirement. If you wish to be a Mortgage Lender you must have a $50,000 Surety Bond and a $25,000 net worth is required. There are no specific educational requirements for either broker or lender license but you must be able to demonstrate a strong background in loan financing.

Bad Credit Vermont 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.

Vermont License Requirements

Age: None required

State Residency: None required

Experience: No specific experience

Education: None required

Continuing Education: None required

Net Worth: No requirement for brokers and $25,000 for lenders

Surety Bond: $25,000 for brokers and $50,000 for lenders

Background Check: Credit and criminal background checks

Vermont State Licensing Fees

Initial Application: $350 for brokers and $1,200 for lenders

Branch Location: $350

Branch Offices:

In State Requirements: No physical location required

Licensure Requirements: Must be under same name as original license or must obtain separate license

Exemptions:

Entities: Attorney, Banks, Saving 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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