By License Type + Volume
Broker/Solicitor: $25K min. Lender: $50K–$100K by volume. Commissioner may increase. Single bond may cover all offices. $25K liquid assets also required for lenders.
VT Dept. Financial Regulation8 V.S.A. § 2203Same-Day Issuance
Vermont Mortgage Broker Surety Bond
Secure your Vermont mortgage broker, lender, or loan solicitor license with a surety bond from Surety One, Inc. Brokers from $25,000, lenders from $50,000. Commissioner may increase based on volume. 60-day cancellation notice.
VT Mortgage Bond
$25K – $100K
By license type & volume • Single bond for all offices • Premium based on credit
Mortgage Broker$25,000 min
Licensed Lender$50,000 min
Loan Solicitor$25,000 min
Lender (≥$15M originations)$100,000
ObligeeState of Vermont
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a Vermont Mortgage Broker Surety Bond?
A Vermont mortgage broker surety bond is required by the Vermont Department of Financial Regulation (DFR) as a condition of licensure under Title 8, V.S.A. § 2203 (Chapter 73: Licensed Lenders, Mortgage Brokers, Mortgage Loan Originators, Sales Finance Companies, and Loan Solicitation Companies).
Vermont uses minimum bond amounts by license type — $25,000 for brokers and loan solicitors, $50,000 for lenders — with the Commissioner authorized to increase amounts based on loan volume up to $100,000. Lenders originating over $15 million annually require a $100,000 bond.
Vermont features a 60-day cancellation notice (longer than most states' 30 days), the ability for the Commissioner to accept a single bond covering all offices, and authority to waive or modify bond requirements or accept alternative means of financial assurance. The bond runs to the State for the use of the State and any person with a cause of action.
The Three Parties
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PrincipalThe mortgage broker, lender, or loan solicitor who purchases the bond and must faithfully conform to Vermont mortgage lending law.
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ObligeeThe State of Vermont — the bond runs to the State for the use of the State and of any person who may have cause of action under Chapter 73.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principal's compliance with Vermont mortgage licensing law.
60-Day Cancellation & Commissioner Flexibility
Vermont requires 60 days' written notice before bond termination — double the typical 30 days. The Commissioner may also waive or modify bond requirements, accept alternative financial assurance, or accept a single bond covering all offices when one person holds multiple office licenses.
Bond Amount Requirements
Vermont Mortgage Bond Amounts
| License Type / Volume | Bond Amount |
|---|---|
| Mortgage Broker | $25,000 minimum |
| Lender (≤$5M originations) | $50,000 |
| Lender ($5M–$15M originations) | $75,000 |
| Lender (≥$15M originations) | $100,000 |
| Loan Solicitor | $25,000 minimum |
Vermont Licensing Requirements
Key Bond & Licensing Requirements
Dept. Financial Regulation
VT Department of Financial Regulation. Phone: (802) 828-3307. Bond runs to State for use of State and any person with cause of action.
8 V.S.A. § 2203, Ch. 73
Title 8, V.S.A. Chapter 73. Also references Chapters 72 and 85. Bond conditioned on faithful compliance with the chapter and all Commissioner rules. Does not apply to commercial-only lenders.
$25K Liquid Assets (Lenders)
Lender applicants must prove $25,000 liquid assets or greater as Commissioner may require. Commissioner may waive or modify bond/liquid asset requirements.
NMLS Electronic Filing
Applications and bonds filed through NMLS. OTN restriction: only one other trade name per license. Separate bond needed for each additional trade name at a branch.
60-Day Cancel / Dec. 31 Renewal
60-day written notice by surety to obligor and Commissioner. December 31 renewal. Must file new bond upon recovery on any action. Commissioner may require new bond when action commenced.
Consumer Protection
What Does This Bond Protect Against?
Chapter 73 Compliance
Faithful conformity with all provisions of Chapter 73 (Licensed Lenders, Brokers, MLOs, Sales Finance, Solicitors) and all rules and regulations made by the Commissioner.
State & Consumer Benefit
The bond runs to the State for the use of the State and any person with a cause of action — covering payment of all monies due under the chapter.
Immediate Replacement
Upon recovery on any action on the bond, the licensee must file a new bond. Commissioner may also require a new bond when any action is commenced.
Commissioner Flexibility
The Commissioner may waive or modify bond requirements, accept alternative financial assurance, or accept a single bond covering all offices — providing regulatory adaptability.
How It Works
Get Your Vermont Mortgage Broker Bond in 4 Steps
Apply Online
Complete our mortgage bond application online or call us at (800) 373-2804. Free and no obligation.
Get Your Quote
Our underwriters provide a 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, satisfying the licensing requirement.
Understanding Your Premium
How Is My Premium Determined?
Your premium is a percentage of your required bond amount, individually determined through underwriting review. You do not pay the full bond amount.
| Underwriting Factor | How It Affects Your Premium |
|---|---|
| Required Bond Amount | Higher bond amounts result in higher premiums. |
| Personal Credit Score | Your FICO score is a primary factor. Stronger credit = lower rates. |
| Financial Statements | Personal and/or business financials may be required for larger bonds. |
| Industry Experience | Your mortgage industry history influences risk assessment. |
| Claims History | Prior surety bond claims may affect terms offered. |
Every Applicant Receives a Personalized Quote
Surety One provides free, no-obligation quotes — and we decline no application. Apply now or call (800) 373-2804.
Common Questions
Vermont Mortgage Broker Bond FAQ
VT broker bonds start at $25,000 minimum, lender bonds at $50,000–$100,000 by volume. Your premium is individually determined by credit and underwriting review.
Vermont requires 60 days' prior written notice before any bond termination — double the typical 30 days. This extended notice period provides additional consumer protection.
Yes. When one person holds licenses for multiple offices, the Commissioner may accept a single bond covering all offices, simplifying multi-location compliance.
Yes. The Commissioner may waive or modify bond or liquid asset requirements, or accept other appropriate means of assuring financial responsibility. This applies to both amount and form.
The Vermont Department of Financial Regulation requires the bond under 8 V.S.A. § 2203. Phone: (802) 828-3307. The bond is filed through NMLS.
Yes. Surety One declines no application. Vermont's accessible $25,000 broker bond makes initial bonding feasible for most applicants.
Vermont mortgage licenses expire December 31 each year. Must file new bond upon recovery on any action. Commissioner may require new bond when action commenced.
The Surety One Advantage
Why Choose Surety One, Inc.?
VT Multi-License Specialists
Vermont's broker, lender, and solicitor categories each have different bond requirements. We handle all VT mortgage bond types from a single point of contact.
Same-Day Issuance
Most Vermont 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. Vermont's $25,000 broker entry bond is among the most accessible in New England.
New England Expertise
Operating in New England? We streamline bonding across VT, NH, ME, MA, CT, and 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.
