Alaska mortgage broker and lender surety bond

Alaska Mortgage License Bond

Alaska mortgage brokers and lenders must file a $75,000 Mortgage License Bond to obtain and maintain an Alaska Mortgage Broker/Lender License through the Nationwide Multistate Licensing System and Registry, commonly known as NMLS.

Jet Insurance Company provides the Alaska Mortgage License Bond, helps you purchase the bond online, and can complete the eligible NMLS electronic surety bond filing after you grant Jet authority in NMLS.

Get an Alaska Mortgage Bond Quote View Pricing Alaska Bond FAQ

Last updated: July 2026. Alaska mortgage licensing and bond requirements may change. Confirm final license, bond, filing, and NMLS instructions with the Alaska Division of Banking and Securities or NMLS before filing.

Alaska Mortgage License Bond Quick Answers

What bond amount is required?

The Alaska Mortgage License Bond amount is $75,000.

Who needs the bond?

The bond is required for the Alaska Mortgage Broker/Lender License.

How is the bond filed?

The bond is filed as an electronic surety bond through NMLS after Jet receives authority in the system.

How do I get help?

Call (855) 516-3348 or email [email protected].

Alaska Mortgage License Bond Requirement

The Alaska Mortgage License Bond is required for companies applying for or maintaining an Alaska Mortgage Broker/Lender License. Alaska requires mortgage brokers and lenders that make or provide mortgage loans in Alaska to obtain a license, including companies that provide mortgage lending services to Alaska residents from another state, online, by mail, or by telephone.

State License Bond Amount Filing Method Quote
Alaska Mortgage Broker/Lender License $75,000 Electronic surety bond through NMLS Get Quote

NMLS authority: Use Jet Insurance Company NAIC number 17858 when granting surety authority in NMLS.

How Much Does the Alaska Mortgage License Bond Cost?

The Alaska Mortgage License Bond has a required bond amount of $75,000, but the cost to purchase the bond is only a small percentage of that amount. Jet Insurance Company preferred pricing starts at $375 for a one-year term or $38 monthly.

Pricing is based on underwriting review, including a soft credit check. Qualified applicants may also choose multi-year options for additional savings.

Bond Amount Monthly 1 Year 2 Years 3 Years
$75,000 $38 $375 $656 $938

These are preferred-tier examples. Your final price may vary based on underwriting review and selected term.

Need an Alaska Mortgage License Bond?

Start a quote online with Jet and choose the Alaska Mortgage Broker/Lender bond.

Questions? Call (855) 516-3348 or email [email protected].

Get My Quote

Who Needs an Alaska Mortgage License Bond?

The Alaska Mortgage License Bond is required for the Alaska Mortgage Broker/Lender License. Companies that make or provide mortgage loans in Alaska generally need to be licensed, including companies that provide mortgage lending services to Alaska residents from another state, online, by mail, or by telephone.

The bond is required for each Alaska Mortgage Broker/Lender License and must also cover any Alaska Mortgage Broker/Lender License for another trade name or DBA.

Mortgage Brokers

Mortgage brokers that arrange, negotiate, or assist with residential mortgage loans for Alaska borrowers may need the Alaska Mortgage Broker/Lender License and the $75,000 bond.

Mortgage Lenders

Mortgage lenders that make or provide mortgage loans in Alaska may need the license and electronic surety bond through NMLS.

Other Trade Names and DBAs

Alaska requires separate licensing for other trade names. The $75,000 electronic surety bond must cover the Alaska Mortgage Broker/Lender License and any Alaska Mortgage Broker/Lender License-Other Trade Name.

Alaska Mortgage Loan Originator Sponsorship

This page is for the company Alaska Mortgage Broker/Lender bond. Alaska mortgage loan originators do not file this company bond in their own name, but Alaska requires a valid sponsorship request from an active Alaska Mortgage Broker/Lender Licensee for mortgage loan originator licensure.

The Alaska Mortgage Broker/Lender applicant should not submit sponsorship requests for mortgage loan originators before the company license is approved. Doing so can create a compliance issue and may affect the related mortgage loan originator applications.

How Alaska Mortgage Bond Quotes Work

1

Start Your Quote

Select the Alaska Mortgage Broker/Lender bond and provide the required business, NMLS, and license information.

2

Review the Price

Jet will provide available monthly, annual, and multi-year options when approved.

3

Buy and File

After purchase and NMLS authority, Jet can file the eligible electronic surety bond through NMLS.

Start My Alaska Mortgage Bond Quote

Need an Alaska Mortgage License Bond?

Start a quote online with Jet and select the Alaska Mortgage Broker/Lender bond. Jet can help with the quote, bond purchase, NMLS authority, and eligible electronic filing.

Questions? Call (855) 516-3348 or email [email protected].

Get My Quote

How Are Alaska Mortgage License Bonds Filed?

The Alaska Mortgage License Bond is filed as an electronic surety bond through NMLS. The Alaska application checklist states that uploading a surety bond through the MU1 Document Uploads section will not satisfy the bond requirement.

Grant Jet Authority in NMLS

Before Jet can file the electronic surety bond, the licensee must grant authority to Jet Insurance Company in NMLS. Use Jet NAIC number 17858.

Electronic Bond Filing

After authority is granted and the bond is issued, Jet can submit the electronic surety bond through NMLS for the Alaska Mortgage Broker/Lender License.

Bond Changes and Replacements

If your legal name, trade name, NMLS record, license status, or surety information changes, contact Jet at [email protected] before filing a change.

What Does the Alaska Mortgage License Bond Cover?

The Alaska Mortgage License Bond protects the State of Alaska and any person with a cause of action against the licensed mortgage business for a violation of Alaska's mortgage licensing law or regulations. It does not protect the mortgage broker or lender from their own losses.

Under the bond form, the principal must comply with the Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010 and related regulations. If the licensee violates the law and fails to pay damages, fees, or penalties imposed by the Department, the Alaska Department of Law, or another person, the surety may be required to pay up to the $75,000 bond amount.

Important: A surety bond is not insurance for the mortgage broker or lender. If Jet pays a valid claim, the bonded licensee is responsible for reimbursing Jet for the amount paid and related costs under the indemnity agreement.

Read the Mortgage License Bond Claims Guide

Alaska Mortgage Bond Renewals and Cancellations

Renewing Your Bond

Alaska mortgage broker and lender licenses expire on December 31 each year. Keep the bond active through renewal to avoid licensing issues.

Email Jet for Renewal Help

Cancelling Your Bond

The Alaska bond form requires the surety to provide at least 30 days' written notice to the principal and the Department before cancelling the bond.

Email Jet for Cancellation Help

Replacing Your Bond

If changing surety companies, make sure the replacement bond is filed and accepted through NMLS before the prior bond cancellation creates a gap.

Email Jet for Replacement Help

How to Avoid Alaska Mortgage Bond Claims

  • Maintain the $75,000 bond for the full period required by Alaska.
  • Use the exact legal name and trade name required by the NMLS record.
  • Grant Jet authority in NMLS before expecting the electronic bond to be filed.
  • Do not conduct mortgage activity before the license is approved.
  • Keep borrower funds, records, disclosures, and loan files organized.
  • Follow Alaska mortgage licensing laws and NMLS renewal requirements.
  • Respond promptly to regulator requests and consumer complaints.
  • Contact Jet before replacing or cancelling the bond.

Read the Mortgage License Bond Claims Guide

Want to Know More About Mortgage Bond Processes?

Mortgage License Bonds Guide

Review mortgage broker, lender, servicer, MLO, finance lender, and finance broker bond information.

Read the Guide

Electronic Surety Bond Filing Through NMLS

Learn how electronic surety bond filing works through NMLS.

Read the Filing Guide

Bond Claim Process

Find out what causes a claim and what happens after a mortgage bond claim is made.

Read the Claims Guide

Alaska Mortgage License Bond FAQ

What is the Alaska Mortgage License Bond amount?

The required Alaska Mortgage License Bond amount is $75,000 for the Alaska Mortgage Broker/Lender License.

Who is the obligee on the Alaska Mortgage License Bond?

The obligee is the State of Alaska. The licensing regulator is the Alaska Department of Commerce, Community, and Economic Development, Division of Banking and Securities.

Is the Alaska Mortgage License Bond filed through NMLS?

Yes. The Alaska Mortgage License Bond is an electronic surety bond filed through NMLS. Uploading the bond through MU1 document uploads does not satisfy the Alaska bond requirement.

Does an Alaska mortgage loan originator need this bond?

This $75,000 bond is for the Alaska Mortgage Broker/Lender License. Alaska mortgage loan originators need a valid sponsorship request from an active Alaska Mortgage Broker/Lender Licensee. Mortgage loan originators are also required to pay into Alaska's surety fund.

Does Alaska require a separate bond for each DBA or other trade name?

Alaska requires separate licensing for other trade names. The electronic surety bond requirement applies to each Alaska Mortgage Broker/Lender License and must cover any Alaska Mortgage Broker/Lender License-Other Trade Name.

How much does the Alaska Mortgage License Bond cost with Jet?

Jet Insurance Company preferred pricing starts at $375 for a one-year bond term or $38 monthly. Multi-year pricing examples include $656 for two years and $938 for three years, subject to underwriting approval.

What is Jet Insurance Company NAIC number for NMLS?

Jet Insurance Company NAIC number is 17858. Use this number when granting Jet authority as your surety company in NMLS.

Who should I contact for help with the Alaska mortgage bond?

Call Jet at (855) 516-3348 or email [email protected] for help with quoting, NMLS filing, renewals, or bond changes.

What information must match on the Alaska mortgage bond?

The bond should match the legal name, business name, trade name if applicable, NMLS record, license type, bond amount, and state-required obligee information. Incorrect information can delay the bond filing or license approval.

Get the Alaska Mortgage License Bond Required for Your License

Start your quote online and choose the Alaska Mortgage Broker/Lender bond. Jet will help with quoting, bond purchase, and eligible NMLS electronic filing after authority is granted.

Call: (855) 516-3348
Email: [email protected]

Get My Alaska Mortgage Bond Quote

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: