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Missouri Mortgage Broker, Lender or Servicer Bond

Missouri Mortgage Broker, Lender or Servicer Bond

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Who Requires the Mortgage Broker, Lender or Servicer Bond and Why Is It Needed?

A Missouri Residential Mortgage Loan Broker, Lender or Servicer Bond are types of surety bond required by Commissioner of Finance for the State of Missouri on for the benefit of any borrower sustaining financial damages arising from the licensed mortgage business. Applicants for new licenses must post a bond in an amount of at least $50,000 and the Commissioner may increase the bond amount annually. The surety bond schedule based on the amount of loans brokered, funded and serviced can be found at Missouri Division of Finance. The surety bond requires the obligor and agents to conform to and abide by the provisions of this statute, apply all monies received, perform all obligations in accordance with Missouri statutes, and pay to the state or any person all money due or owed in accordance with the statutes.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Missouri Mortgage Broker, Lender or Servicer Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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