Montana Mortgage Servicer Bond
Flat Rates and No Credit Check
| Annual Loan Production | Bond Amount Required | Bond Term | Annual Premium |
| No prior business in MT or less than 1 year in MT; less than $25,000,000 | $75,000 | 1 Year | $450 |
| Less than $100,000,000 | $150,000 | 1 Year | $900 |
| Less than $500,000,000 | $250,000 | 1 Year | $1,500 |
| More than $500,000,000 | $350,000 | 1 Year | $2,100 |
This bond is required for any entity, including sole proprietors, engaged in residential mortgage loan servicing or meeting the federal definition of a servicer (12 U.S.C. 2605(i)(2)). Refer to the table below to determine the required bond amount.
| Annual Loan Production | Bond Amount | Annual Premium |
| No prior business in MT or less than 1 year in MT; less than $25,000,000 |
$75,000 |
$450 |
| Less than $100,000,000 | $150,000 | $900 |
| Less than $500,000,000 | $250,000 | $1,500 |
| More than $500,000,000 | $350,000 | $2,100 |
No credit check or financials needed up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.
Mortgage servicers conducting residential mortgage servicing business in Montana must meet state licensing and bonding requirements. Required by the State of Montana, the Montana mortgage servicer bond helps ensure compliance with state mortgage servicing requirements and provides financial protection for covered violations.
Cost of the Montana Mortgage Servicer Bond
The cost of the $75,000 to $350,000 Montana mortgage servicer bond is $450 to $2,100 per bond term with NNA Surety. Secure this surety bond today.
How the Montana Mortgage Servicer Bond Works
The Montana mortgage servicer bond protects consumers by holding licensed mortgage servicers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage servicer
- Obligee: State of Montana
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Montana mortgage servicing requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Montana Mortgage Servicer Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $450 to $2,100 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Montana mortgage servicer license.
Learn more about your Montana surety bond options across the state.
Get Your Montana Mortgage Servicer Bond
Keep your Montana licensing requirements on track by securing your mortgage servicer bond today. Complete this form or call 855-457-2196 to get bonded.