$25K + $10K/Branch
$25,000 base plus $10,000 per additional licensed location. Volume-based adjustments possible. Continuous until released by Commissioner.
WY Division of BankingWY Stat. § 40-23Same-Day Issuance
Wyoming Mortgage Broker Surety Bond
Secure your Wyoming mortgage broker or lender license with a surety bond from Surety One, Inc. $25,000 plus $10,000 per additional location. Bond is continuous until released by the Commissioner. Premiums individually determined.
WY Mortgage Bond
$25K + $10K/branch
Branch escalator • Released by Commissioner • Premium based on credit
Main Office$25,000
Each Additional Location+$10,000
PremiumBased on Credit
Bond TypeContinuous until released
ObligeeWY Commissioner of Banking
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a Wyoming Mortgage Broker Surety Bond?
A Wyoming mortgage broker surety bond is required by the Wyoming Division of Banking, Department of Audit, as a condition of licensure under Wyoming Statutes § 40-23.
Wyoming uses a $25,000 base bond plus $10,000 per additional licensed location — similar to Idaho's branch escalator. The bond is continuous only until released by the Commissioner of Banking, a unique provision not seen in other states.
The bond amount may also be based on the total volume of residential mortgage loan business completed in the previous calendar year, per the Division's schedule. Wyoming's Commissioner-release provision means the bond cannot simply be canceled — it remains in force until the Commissioner formally releases it.
The Three Parties
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PrincipalThe mortgage broker or lender who purchases the bond and must comply with Wyoming Statutes § 40-23.
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ObligeeThe Wyoming Commissioner of Banking — the bond is continuous until released by the Commissioner.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principal's compliance with Wyoming mortgage licensing law.
Commissioner-Released Bond — Unique to Wyoming
Wyoming's bond is continuous until released by the Commissioner of Banking — not just until canceled by the surety. This means the bond obligation persists until the Commissioner formally approves the release, providing enhanced regulatory control.
Bond Amount Requirements
Wyoming Mortgage Bond Amounts
| Configuration | Bond Amount |
|---|---|
| Main Office | $25,000 |
| Each Additional Licensed Location | +$10,000 |
| Example: Main + 2 branches | $45,000 |
Wyoming Licensing Requirements
Key Bond & Licensing Requirements
Division of Banking
WY Division of Banking, Dept. of Audit. Commissioner of Banking. Bond continuous until Commissioner releases it.
WY Stat. § 40-23
Wyoming mortgage lending statutes. Bond for brokers and lenders who employ or contract with mortgage loan originators.
Standard Application
NMLS application. Financial documentation, background check, credit report. Certificate of Authority or Good Standing.
NMLS Electronic Filing
Bond filed electronically through NMLS. Standard NMLS application and processing fees.
Commissioner Release Only
Bond is continuous until released by the Commissioner — not merely until canceled. December 31 renewal. Volume-based adjustments.
Consumer Protection
What Does This Bond Protect Against?
Wyoming Lending Law Compliance
Full compliance with Wyoming Statutes § 40-23 governing mortgage lending and brokering activities.
Consumer Protection
The bond protects consumers from financial harm resulting from the licensee's violations of Wyoming mortgage law.
Commissioner Control
The Commissioner-release provision gives the regulator direct control over bond termination, preventing premature release of consumer protections.
Branch-Level Coverage
The per-branch escalator ensures bond coverage proportional to the licensee's operational footprint across Wyoming.
How It Works
Get Your Wyoming 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
Wyoming Mortgage Broker Bond FAQ
WY bonds are $25,000 for the main office plus $10,000 per additional location. Premium individually determined by credit.
Unlike most states where the surety can cancel with notice, Wyoming's bond remains in force until the Commissioner of Banking formally releases it. This gives the regulator enhanced control.
The Wyoming Division of Banking, Department of Audit, requires the bond under WY Stat. § 40-23.
Yes. Surety One declines no application. Wyoming's $25,000 entry bond is accessible for most applicants.
Wyoming licenses expire December 31. Bond continues until released by the Commissioner.
The Surety One Advantage
Why Choose Surety One, Inc.?
WY Commissioner-Release Specialists
Wyoming's unique Commissioner-release bond provision requires a surety experienced with regulatory-controlled bond terminations.
Same-Day Issuance
Most Wyoming 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.
Mountain West Expertise
Operating in Wyoming and the Mountain West? We streamline bonding across all 50 states.
Free Quotes, No Obligation
Application review and quoting are always free.
