Flat $25,000
$25,000 for all mortgage professionals — brokers, lenders, and other finance lenders. Must be issued by a surety authorized in the Territory.
USVI Banking BoardVI Code Title 9Same-Day Issuance
U.S. Virgin Islands Mortgage Broker Surety Bond
Secure your U.S. Virgin Islands mortgage professional license with a surety bond from Surety One, Inc. $25,000 flat bond required by the Chairman of the Virgin Islands Banking Board. Premiums individually determined by credit.
USVI Mortgage Bond
$25,000
Flat $25K • All mortgage professionals • Premium based on credit
All Mortgage Professionals$25,000
PremiumBased on Credit
Bond TypeContinuous
ObligeeChairman, VI Banking Board
Filed WithDBIFR
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a U.S. Virgin Islands Mortgage Broker Surety Bond?
A U.S. Virgin Islands mortgage surety bond is required by the Chairman of the Virgin Islands Banking Board, administered through the Division of Banking, Insurance and Financial Regulation (DBIFR), under the Office of the Lieutenant Governor, as a condition of licensure under Virgin Islands Code Title 9.
The USVI requires a straightforward flat $25,000 bond for all mortgage professionals — brokers, lenders, and other finance lenders. The DBIFR has dual responsibility: licensing/regulating financial services entities AND serving as a consumer protection agency.
The Virgin Islands has very few authorized surety companies, making access to bonding a challenge for many applicants. Surety One, Inc. is authorized in the Territory and provides same-day bonding services for USVI mortgage professionals. The bond must be issued by a surety company licensed in the Territory.
The Three Parties
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PrincipalThe mortgage professional who purchases the bond and must comply with Virgin Islands Code Title 9.
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ObligeeThe Chairman of the Virgin Islands Banking Board — administered through the Division of Banking, Insurance and Financial Regulation under the Lt. Governor's office.
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SuretySurety One, Inc. — guaranteeing compliance with U.S. Virgin Islands mortgage licensing law.
Limited Surety Access — Surety One Is Authorized
Very few surety companies are authorized to write bonds in the U.S. Virgin Islands. Surety One, Inc. is fully authorized in the Territory and provides same-day bonding for USVI mortgage professionals. Our Caribbean expertise spans both Puerto Rico and the USVI.
Bond Amounts
U.S. Virgin Islands Mortgage Bond Amounts
| License Type | Bond Amount |
|---|---|
| All Mortgage Professionals | $25,000 |
U.S. Virgin Islands Requirements
Key Bond & Licensing Requirements
VI Banking Board / DBIFR
Chairman of the Virgin Islands Banking Board. DBIFR under the Office of the Lt. Governor. Dual role: regulator AND consumer protection agency.
VI Code Title 9
Virgin Islands Code Title 9. Also Title 22 (insurance). DBIFR authority from Titles 3, 9, 12A, 20, 22, and 28. Financial Lenders Law (Act 8168).
Limited Authorized Sureties
Very few surety companies are authorized in the USVI. Surety One is fully authorized. Bond must be from a company licensed in the Territory.
NMLS Filing
Applications and bonds filed through NMLS. Background check, credit report, education. 20 hours pre-license education, 8 hours annual CE.
Annual Renewal
Licenses renew annually. Bond is continuous. Renewal process begins October of each year. Licenses applied for before September 30 expire December 31 of same year.
Consumer Protection
What Does This Bond Protect Against?
VI Code Compliance
Full compliance with the Virgin Islands Code governing mortgage lending and financial services activities.
Consumer Protection
The DBIFR serves as both regulator and consumer protection agency, providing dual-purpose oversight of mortgage professionals.
Territorial Coverage
The bond covers mortgage lending activities across all Virgin Islands — St. Thomas, St. Croix, St. John, and Water Island.
Banking Board Oversight
The Chairman of the Banking Board requires the bond, providing centralized regulatory authority over all mortgage professionals in the Territory.
How It Works
Get Your U.S. Virgin Islands Mortgage Bond in 4 Steps
Apply Online
Complete our application or call (800) 373-2804.
Get Your Quote
Competitive premium quote, typically same day.
Purchase & Sign
Accept quote, sign indemnity, pay premium.
Filed via NMLS
We file your bond through NMLS.
Premium
How Is My Premium Determined?
Your premium is a percentage of the bond amount, individually determined. You do not pay the full amount.
Free, No-Obligation Quotes
We decline no application. Apply now or call (800) 373-2804.
FAQ
U.S. Virgin Islands Mortgage Bond FAQ
The USVI requires a flat $25,000 bond for all mortgage professionals. Premium individually determined by credit.
Yes. Very few surety companies are authorized in the U.S. Virgin Islands. Surety One is fully authorized in the Territory and provides same-day bonding services.
The Chairman of the Virgin Islands Banking Board requires the bond, administered through the DBIFR under the Office of the Lt. Governor.
Yes. Surety One, Inc. is authorized in the USVI and provides same-day bonding. Our Caribbean expertise covers both Puerto Rico and the Virgin Islands.
Yes. Surety One declines no application. The $25,000 bond is accessible for most applicants.
The Surety One Advantage
Why Choose Surety One, Inc.?
USVI Authorized Surety
Surety One is one of very few surety companies authorized to write bonds in the U.S. Virgin Islands. Our Caribbean expertise is unmatched.
Same-Day Issuance
Most USVI mortgage bonds are issued the same business day.
A+ BBB Rated
Surety One carries an A+ rating with the Better Business Bureau.
All Credit Accepted
We decline no application. USVI's $25,000 bond is accessible for most applicants.
Caribbean & National Expertise
We serve the USVI, Puerto Rico, and all 50 states from our offices in Raleigh and San Juan.
Free Quotes, No Obligation
Application review and quoting are always free.
