Flat $75K All Locations
$75,000 flat covering all locations. Separate $75K per DBA/trade name. One license for combined broker/lender. No pre-license education for companies.
AK Division of BankingAS 06.60.045Same-Day Issuance
Alaska Mortgage Broker Surety Bond
Secure your Alaska mortgage broker or lender license with a surety bond from Surety One, Inc. $75,000 flat bond required by the Division of Banking and Securities under AS 06.60.045. One bond covers all locations. Separate $75K per DBA.
AK Mortgage Bond
$75,000
Flat $75K • One bond covers all locations • Premium based on credit
Mortgage Broker/Lender$75,000
Additional DBA/Trade Name$75,000 each
Covers All LocationsSingle bond
PremiumBased on Credit
ObligeeState of Alaska
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a Alaska Mortgage Broker Surety Bond?
An Alaska mortgage broker surety bond is required by the Alaska Department of Commerce, Community, and Economic Development (DCCED), Division of Banking and Securities, as a condition of licensure under the Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010 (AS 06.60.045).
Alaska requires a flat $75,000 bond — one bond covers all licensee locations. However, a separate $75,000 bond is required for each DBA or trade name used. Individuals licensed as both a broker and lender need only one license and one bond.
The bond requires that the licensee and any employee or agent faithfully conform to and abide by the Alaska SAFE Act and all state rules and regulations. No pre-license education or exam is required for company licenses, making Alaska's bond the primary regulatory assurance mechanism.
The Three Parties
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PrincipalThe mortgage broker or lender who purchases the bond and must comply with the Alaska SAFE Act of 2010.
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ObligeeThe State of Alaska — the bond runs to the State for the use of the State and of any person who may have cause of action against the licensee.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principal's compliance with Alaska mortgage licensing law.
One Bond, All Locations — But Separate Per DBA
Alaska's single-bond-all-locations approach simplifies multi-office compliance. However, each DBA or trade name requires its own separate $75,000 bond. Combined broker/lender licensees need only one license and one bond.
Bond Amount Requirements
Alaska Mortgage Bond Amounts
| License Configuration | Bond Amount |
|---|---|
| Mortgage Broker/Lender (all locations) | $75,000 |
| Each Additional DBA / Trade Name | $75,000 |
Alaska Licensing Requirements
Key Bond & Licensing Requirements
DCCED, Division of Banking
AK Dept. of Commerce, DCCED, Division of Banking & Securities. Phone: (888) 925-2521. Bond for use of State and persons with causes of action.
Alaska SAFE Act, AS 06.60
Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010, AS 06.60.045. Bond covers licensee and all employees/agents.
Business Plan & Affidavit
Business plan, management chart, organizational chart. Alaska Affidavit form. Good Standing Certificate within 60 days. Unaudited CPA financials within 90 days. $75 investigative fee.
NMLS ESB Filing
NMLS electronic filing. $500 application fee, $1,000 license fee, $100 NMLS fee. Criminal background and credit check. DBA registered with AK Division of Corporations.
December 31 Renewal
Licenses expire December 31. Bond must be renewed annually. No branch-specific bonds needed — single bond covers all locations.
Consumer Protection
What Does This Bond Protect Against?
Alaska SAFE Act Compliance
Faithful conformity with the Alaska SAFE Act of 2010 and all rules and regulations, covering the licensee and every employee or agent.
Consumer & State Protection
The bond is for the use of the State and any person who may have cause of action against the licensee under the Act.
Employee/Agent Coverage
The bond covers not just the licensee but also any employee or agent representing the licensee — extending protection to all originator-level activities.
Primary Regulatory Assurance
With no pre-license education or exam for company licenses, the surety bond serves as the primary mechanism for regulatory assurance in Alaska.
How It Works
Get Your Alaska Mortgage Broker Bond in 4 Steps
Apply Online
Complete our application online or call (800) 373-2804. Free and no obligation.
Get Your Quote
Competitive premium quote typically within hours. We work with all credit profiles.
Purchase & Sign
Accept your quote, complete the indemnity agreement, and pay your premium.
Filed via NMLS
Surety One files your Electronic Surety Bond through the NMLS.
Understanding Your Premium
How Is My Premium Determined?
Your premium is a percentage of your required bond amount, individually determined. You do not pay the full bond amount.
| Underwriting Factor | How It Affects Your Premium |
|---|---|
| Required Bond Amount | Higher amounts result in higher premiums. |
| Personal Credit Score | Primary factor. Stronger credit = lower rates. |
| Financial Statements | May be required for larger bonds. |
| Industry Experience | Influences risk assessment. |
| Claims History | Prior claims may affect terms. |
Every Applicant Receives a Personalized Quote
Surety One provides free, no-obligation quotes — we decline no application. Apply now or call (800) 373-2804.
Common Questions
Alaska Mortgage Broker Bond FAQ
Alaska requires a flat $75,000 bond. A separate $75,000 is needed for each DBA/trade name. Your premium is individually determined by credit.
Yes. Alaska's single bond covers all licensee locations, unlike many states that require per-branch bonds. However, each DBA or trade name requires its own separate $75,000 bond.
No. In Alaska, individuals who work as both a mortgage broker and lender need only one license and one bond.
Not for company licenses. Alaska does not require pre-license education or exams for mortgage broker/lender company licenses, making the bond the primary regulatory assurance.
The Alaska DCCED Division of Banking and Securities requires the bond under AS 06.60.045. Phone: (888) 925-2521.
Yes. Surety One declines no application. We offer non-standard programs for all credit profiles.
Alaska mortgage licenses expire December 31 each year. Bond must be renewed annually to maintain the license.
The Surety One Advantage
Why Choose Surety One, Inc.?
AK Multi-DBA Specialists
Alaska's separate bond per DBA requires a surety that can issue multiple bonds efficiently. We handle all AK mortgage bond configurations from a single point of contact.
Same-Day Issuance
Most Alaska mortgage bonds are issued the same business day. Our 24/7/365 underwriting team provides guaranteed same-day feedback.
A+ BBB Rated
Surety One carries an A+ rating with the Better Business Bureau in both our U.S. and Puerto Rico offices.
All Credit Accepted
We decline no application. Our non-standard programs provide access to bonding for all credit profiles.
Nationwide Reach
Operating in Alaska and the Lower 48? We streamline bonding across all 50 states from a single point of contact.
Free Quotes, No Obligation
Application review and quoting are always free. There is no obligation to purchase.
