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Montana mortgage license surety bonds
Montana Mortgage License Bonds
Montana mortgage brokers, mortgage lenders, mortgage servicers, mortgage loan originators, and mortgage companies may need surety bond coverage for licensing with the Montana Division of Banking and Financial Institutions. Jet Insurance Company helps Montana mortgage professionals quote, purchase, renew, replace, and manage the bond required for their NMLS filing.
Use this page to compare Montana Mortgage Broker, Mortgage Lender, Mortgage Servicer, Mortgage Loan Originator coverage, and Mortgage Broker, Lender and/or Servicer bond requirements, view Jet pricing, and get filing support for your Montana mortgage license.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. Montana mortgage bond requirements can change. Confirm the final license type, bond amount, filing method, and NMLS or Montana Division of Banking and Financial Institutions checklist before filing.
Montana Mortgage Bond Quick Answers
Which bonds are covered?
This page covers Montana Mortgage Broker Bonds, Mortgage Lender Bonds, Mortgage Servicer Bonds, Mortgage Loan Originator Bond Coverage, and Mortgage Broker, Lender and/or Servicer Bonds.
Who regulates these licenses?
The Montana Division of Banking and Financial Institutions regulates mortgage brokers, mortgage lenders, mortgage servicers, and mortgage loan originators.
What are common limits?
Mortgage broker and lender bonds are $25,000, $50,000, or $100,000. Mortgage servicer bonds are $75,000, $150,000, $250,000, or $350,000.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your Montana Mortgage License Bond
The correct Montana mortgage bond depends on whether the company is licensed as a mortgage broker, mortgage lender, mortgage servicer, or a business with multiple Montana mortgage license types. Montana’s mortgage broker, lender, and servicer licenses are separate, so a company that conducts more than one activity may need more than one license and one surety bond for each entity license.
Mortgage Broker Bond
For Montana mortgage brokers licensed to broker residential mortgage loans, provide lead generation, third-party mortgage processing, third-party underwriting, or other broker-authorized activities.
Bond limits: $25,000, $50,000, or $100,000 based on annual loan production
Starting price: $125 for one year or $13 monthly for the $25,000 bond.
Mortgage Lender Bond
For Montana mortgage lenders licensed to make residential mortgage loans, including first mortgage lending, second mortgage lending, reverse mortgage lending, and home equity lending.
Bond limits: $25,000, $50,000, or $100,000 based on annual loan production
Starting price: $125 for one year or $13 monthly for the $25,000 bond.
Mortgage Servicer Bond
For Montana mortgage servicers licensed to service residential mortgage loans for Montana consumers.
Bond limits: $75,000, $150,000, $250,000, or $350,000 based on unpaid principal balance
Starting price: $375 for one year or $38 monthly for the $75,000 bond.
Mortgage Loan Originator Bond Coverage
Montana requires a mortgage loan originator to be covered by a surety bond. If the MLO is an employee of a licensed Montana mortgage lender or mortgage broker, the company bond may be used instead of a separate MLO bond.
Common coverage: Covered by the licensed mortgage broker or lender company bond
Company bond limits: $25,000, $50,000, or $100,000 based on annual loan production
Important: Montana treats mortgage broker, mortgage lender, and mortgage servicer licenses as separate licenses. A lender license does not authorize brokering, and a broker license does not authorize lending or servicing. Confirm each Montana license type, bond amount, and NMLS filing requirement before ordering the bond.
Montana Mortgage License Bond Pricing
Jet pricing below follows the same mortgage bond pricing method used on the other state pages, with a $79 minimum one-year premium. The one-year price is generally 0.5% of the bond limit. If the calculated one-year price ends in zero, Jet subtracts $1 before calculating multi-year options. The two-year price is 1.75 times the one-year price, and the three-year price is 2.5 times the one-year price. Monthly pricing is 10% of the one-year price, rounded when needed.
| Bond Limit | Common Montana Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $25,000 | Mortgage Broker or Mortgage Lender Bond for annual loan production not over $50 million | $13 | $125 | $219 | $313 |
| $50,000 | Mortgage Broker or Mortgage Lender Bond for annual loan production over $50 million and not over $100 million | $25 | $249 | $436 | $623 |
| $75,000 | Mortgage Servicer Bond for unpaid principal balance not over $25 million | $38 | $375 | $656 | $938 |
| $100,000 | Mortgage Broker or Mortgage Lender Bond for annual loan production over $100 million | $50 | $499 | $873 | $1,248 |
| $150,000 | Mortgage Servicer Bond for unpaid principal balance over $25 million and not over $100 million | $75 | $749 | $1,311 | $1,873 |
| $250,000 | Mortgage Servicer Bond for unpaid principal balance over $100 million and not over $500 million | $125 | $1,249 | $2,186 | $3,123 |
| $350,000 | Mortgage Servicer Bond for unpaid principal balance over $500 million | $175 | $1,749 | $3,061 | $4,373 |
Pricing shown is preferred-tier pricing and may vary based on underwriting approval, bond form, selected term, effective date, final required bond amount, and license requirements.
Get Montana Mortgage Bond Pricing
Start a quote online and select the Montana bond that matches your license or NMLS checklist. Jet can help confirm whether you need a Mortgage Broker Bond, Mortgage Lender Bond, Mortgage Servicer Bond, Mortgage Loan Originator coverage, or Mortgage Broker, Lender and/or Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
Montana Mortgage Bond Requirements
Montana requires surety bond coverage for mortgage brokers, mortgage lenders, mortgage servicers, and mortgage loan originators. Mortgage broker and lender bonds are based on combined annual loan production for all persons originating residential mortgage loans and all business locations of the broker or lender. Mortgage servicer bonds are based on total unpaid principal balance of residential mortgage loans as of December 31.
| Montana License or Authority | Bond Amount | How the Amount Works | Quote |
|---|---|---|---|
| Mortgage Broker | $25,000, $50,000, or $100,000 | Based on combined annual residential mortgage loan production for all originators and business locations. | Get Quote |
| Mortgage Lender | $25,000, $50,000, or $100,000 | Based on combined annual residential mortgage loan production for all originators and business locations. | Get Quote |
| Mortgage Servicer | $75,000, $150,000, $250,000, or $350,000 | Based on total unpaid principal balance of residential mortgage loans as of December 31. | Get Quote |
| Mortgage Loan Originator Coverage | Covered through company bond when eligible | An MLO employee of a licensed Montana mortgage lender or broker may be covered by that company’s bond in lieu of a separate MLO bond. | Get Help |
| Mortgage Broker, Lender and/or Servicer | One bond for each entity license | Use the broker/lender production schedule for broker or lender licenses and the UPB schedule for servicer licenses. | Get Quote |
Filing note: Montana mortgage licensing is handled through NMLS. Confirm the exact bond amount, bond form, electronic surety bond status, and filing requirements on the current Montana NMLS checklist before ordering or filing the bond.
Montana Mortgage Bond Amounts
Montana has separate bond schedules for mortgage brokers and lenders compared with mortgage servicers. Broker and lender bonds are based on annual loan production. Servicer bonds are based on unpaid principal balance.
| Montana Bond Type | Volume or Balance | Required Bond Amount | Jet 1-Year Price |
|---|---|---|---|
| Mortgage Broker or Mortgage Lender | Combined annual loan production not over $50,000,000 | $25,000 | $125 |
| Mortgage Broker or Mortgage Lender | Annual loan production over $50,000,000 and not over $100,000,000 | $50,000 | $249 |
| Mortgage Broker or Mortgage Lender | Annual loan production over $100,000,000 | $100,000 | $499 |
| Mortgage Servicer | Unpaid principal balance not over $25,000,000 | $75,000 | $375 |
| Mortgage Servicer | Unpaid principal balance over $25,000,000 and not over $100,000,000 | $150,000 | $749 |
| Mortgage Servicer | Unpaid principal balance over $100,000,000 and not over $500,000,000 | $250,000 | $1,249 |
| Mortgage Servicer | Unpaid principal balance over $500,000,000 | $350,000 | $1,749 |
Separate-license note: Montana requires one surety bond for each entity license. A company that holds mortgage broker, mortgage lender, and mortgage servicer licenses should confirm whether each license record has its own required bond.
Montana Mortgage Broker Bond
The Montana Mortgage Broker Bond applies to companies licensed to broker residential mortgage loans. A Montana broker license authorizes broker activity such as first mortgage brokering, second mortgage brokering, mortgage loan modifications, lead generation, third-party mortgage processing, third-party mortgage underwriting, and other broker-authorized activities. It does not authorize mortgage lending or servicing.
License Type
Montana Mortgage Broker License.
Bond Limits
$25,000, $50,000, or $100,000 based on annual loan production.
Starting Price
$125 for one year or $13 monthly for the $25,000 bond.
Use this option when the Montana or NMLS checklist references mortgage broker authority, brokered loans, third-party processing, third-party underwriting, or a Montana mortgage broker bond.
Montana Mortgage Lender Bond
The Montana Mortgage Lender Bond applies to companies licensed to make residential mortgage loans. A Montana lender license authorizes activities such as first mortgage lending, second mortgage lending, mortgage loan modifications, reverse mortgage lending, and home equity lending. It does not authorize mortgage brokering or servicing.
License Type
Montana Mortgage Lender License.
Bond Limits
$25,000, $50,000, or $100,000 based on annual loan production.
Starting Price
$125 for one year or $13 monthly for the $25,000 bond.
Use this option when the Montana or NMLS checklist references mortgage lender authority, residential mortgage lending, funded loans, or a Montana mortgage lender bond.
Montana Mortgage Servicer Bond
The Montana Mortgage Servicer Bond applies to companies licensed to service residential mortgage loans for Montana consumers. The bond amount is based on the servicer’s total unpaid principal balance of residential mortgage loans as of December 31 and ranges from $75,000 to $350,000.
License Type
Montana Mortgage Servicer License.
Bond Limits
$75,000, $150,000, $250,000, or $350,000 based on unpaid principal balance.
Starting Price
$375 for one year or $38 monthly for the $75,000 bond.
Use this option when the Montana or NMLS checklist references mortgage servicing, serviced loan portfolio, unpaid principal balance, or a Montana mortgage servicer bond.
Montana Mortgage Loan Originator Bond Coverage
Montana requires a mortgage loan originator to be covered by a surety bond. If the MLO is an employee of a licensed Montana mortgage lender or mortgage broker, the licensed company’s surety bond may be used in lieu of an individual MLO bond.
License Type
Montana Mortgage Loan Originator License.
How Coverage Works
Coverage is commonly provided by the licensed mortgage broker or lender company bond when the MLO is an employee of that licensee.
Company Bond Limits
$25,000, $50,000, or $100,000 based on annual loan production for broker or lender activity.
Before ordering separate MLO coverage, confirm whether the MLO is properly covered under the licensed company’s Montana mortgage broker or lender bond and sponsorship relationship.
Montana Mortgage Broker, Lender and/or Servicer Bond
The Montana Mortgage Broker, Lender and/or Servicer Bond option is for mortgage businesses whose NMLS or Division requirement references broader mortgage authority. Montana issues separate mortgage broker, mortgage lender, and mortgage servicer licenses, and one surety bond is required for each entity license.
Authority Type
Montana mortgage broker, mortgage lender, mortgage servicer, mortgage company, or MLO sponsor authority.
Common Bond Limits
$25,000 to $100,000 for broker or lender bonds; $75,000 to $350,000 for servicer bonds.
Starting Price
$125 for one year for a $25,000 broker or lender bond, or $375 for one year for a $75,000 servicer bond.
Use this option when the Montana or NMLS requirement references mortgage broker, mortgage lender, mortgage servicer, MLO coverage, or combined mortgage company activity rather than a narrower bond title.
Montana Mortgage Bond Comparison
Montana mortgage bond requirements depend on the company’s license type, annual loan production, unpaid principal balance for serviced loans, and whether MLO coverage is handled through a licensed company bond.
| Requirement | Regulator | Bond Amount | Main Filing Point |
|---|---|---|---|
| Mortgage Broker Bond | Montana Division of Banking and Financial Institutions | $25,000, $50,000, or $100,000 based on annual loan production | NMLS company license record |
| Mortgage Lender Bond | Montana Division of Banking and Financial Institutions | $25,000, $50,000, or $100,000 based on annual loan production | NMLS company license record |
| Mortgage Servicer Bond | Montana Division of Banking and Financial Institutions | $75,000, $150,000, $250,000, or $350,000 based on unpaid principal balance | NMLS company license record |
| Mortgage Loan Originator Coverage | Montana Division of Banking and Financial Institutions | Covered through company bond when eligible | NMLS MLO license and company sponsorship record |
How Montana Mortgage Bond Quotes Work
1
Confirm the Montana License
Identify whether the NMLS checklist references mortgage broker, mortgage lender, mortgage servicer, MLO coverage, branch licensing, or combined mortgage company authority.
2
Confirm the Bond Amount
Use the broker/lender annual loan production schedule or the servicer unpaid principal balance schedule, and confirm the amount shown on the Montana NMLS checklist.
3
Buy and File
After purchase, Jet provides the bond or filing guidance based on the current Montana and NMLS process.
Need a Montana Mortgage License Bond?
Jet can help you choose the correct Montana Mortgage Broker Bond, Mortgage Lender Bond, Mortgage Servicer Bond, Mortgage Loan Originator coverage, or Mortgage Broker, Lender and/or Servicer Bond, review pricing, and get the bond issued for licensing.
Montana mortgage bond pricing starts at $125 for one year for a $25,000 broker or lender bond and $375 for one year for a $75,000 mortgage servicer bond.
Questions? Call (855) 516-3348 or email [email protected].
How Are Montana Mortgage Bonds Filed?
Montana mortgage licensing is handled through NMLS. The bond should match the company’s legal name, NMLS ID, license type, bond amount, and effective date. The Montana Division of Banking and Financial Institutions should be treated as the regulator, and the bond runs to the State of Montana as obligee.
Jet can provide the required bond document or electronic filing guidance after purchase. Before ordering, confirm the company or individual legal name, NMLS ID, license type, bond amount, effective date, and whether the bond must be completed as an Electronic Surety Bond in NMLS.
NMLS Filing
The bond should match the legal name, NMLS ID, Montana license record, and required bond amount.
Separate Bonds
Confirm whether each Montana mortgage broker, lender, and servicer license record requires a separate surety bond.
Bond Changes
Contact Jet before changing the legal name, DBA, NMLS ID, bond amount, broker activity, lender activity, servicer UPB, or MLO sponsorship.
Montana Mortgage Bond Renewals, Changes, and Cancellations
Renewing Your Bond
Montana mortgage licenses expire annually on December 31 unless renewed. Review the bond before renewal to confirm the legal name, NMLS ID, license type, MLO coverage, annual loan production, servicer unpaid principal balance, and bond amount remain correct.
Changing the Bond
A bond change may be needed when the company changes its legal name, DBA, NMLS ID, bond amount, mortgage authority, annual loan production, servicer UPB, or MLO sponsorship structure.
Cancelling or Replacing Your Bond
Do not cancel a required Montana mortgage bond until replacement coverage is accepted or the license no longer requires coverage. A bond gap can create licensing and NMLS problems.
What Does a Montana Mortgage License Bond Cover?
A Montana mortgage license bond is designed to protect the public and the state regulator, not the bonded mortgage company or mortgage loan originator. The bond runs to the State of Montana as obligee and runs first to the benefit of the borrower, then to the benefit of the state and any person who suffers loss because of a covered violation by the mortgage broker, lender, servicer, or loan originator.
The department may use bond proceeds to reimburse borrowers, the department, or bona fide third parties who demonstrate a financial loss because of an act of a mortgage broker, mortgage lender, mortgage servicer, or mortgage loan originator that violates the Montana Mortgage Act.
A surety bond is different from insurance for the bonded party. If Jet pays a valid claim, the bonded principal is responsible for reimbursing Jet for the amount paid and related costs under the indemnity agreement.
How to Avoid Montana Mortgage Bond Claims
- Maintain continuous bond coverage for the correct Montana mortgage broker, mortgage lender, mortgage servicer, or MLO coverage requirement.
- Match the bond to the exact legal name, DBA, NMLS ID, license type, and required bond amount.
- Use the correct annual loan production schedule for Montana mortgage broker and mortgage lender bonds.
- Use the correct unpaid principal balance schedule for Montana mortgage servicer bonds.
- Confirm whether MLOs are covered by the licensed company bond before purchasing separate coverage.
- Do not conduct Montana mortgage broker, lender, or servicer activity without the correct license or exemption.
- Do not conduct lender activity under only a broker license or broker activity under only a lender license.
- Do not advertise or represent loan terms in a misleading way.
- Maintain required books, records, mortgage call reports, loan files, pipeline reports, renewals, and consumer disclosures.
- Keep company, branch, servicer, sponsorship, and MLO information current in NMLS.
- Contact Jet before cancelling, replacing, or changing the bond.
Want to Know More About Mortgage Bond Processes?
Popular Mortgage License Bond Guides
Montana Mortgage License Bond FAQ
What Montana mortgage bonds are covered on this page?
This page covers Montana Mortgage Broker Bonds, Mortgage Lender Bonds, Mortgage Servicer Bonds, Mortgage Loan Originator bond coverage, and Mortgage Broker, Lender and/or Servicer Bonds.
What is the Montana Mortgage Broker Bond amount?
The Montana Mortgage Broker Bond is $25,000, $50,000, or $100,000 based on combined annual loan production.
What is the Montana Mortgage Lender Bond amount?
The Montana Mortgage Lender Bond is $25,000, $50,000, or $100,000 based on combined annual loan production.
What is the Montana Mortgage Servicer Bond amount?
The Montana Mortgage Servicer Bond is $75,000, $150,000, $250,000, or $350,000 based on the servicer’s total unpaid principal balance of residential mortgage loans as of December 31.
How much does a Montana mortgage bond cost?
Jet pricing starts at $125 for one year for a $25,000 Montana mortgage broker or lender bond and $375 for one year for a $75,000 Montana mortgage servicer bond. Higher bond limits cost more.
Does a Montana mortgage loan originator need an individual bond?
A Montana mortgage loan originator must be covered by a surety bond. If the MLO is an employee of a licensed Montana mortgage lender or mortgage broker, the company bond may be used in lieu of a separate MLO bond.
Are Montana mortgage bonds filed through NMLS?
Montana mortgage licensing is handled through NMLS. Follow the current Montana NMLS checklist for exact bond form, filing, and electronic surety bond requirements.
Does one Montana mortgage license cover broker, lender, and servicer activity?
No. Montana says the mortgage lender, broker, and servicer licenses are separate, and each license is needed to engage in each activity. A lender license does not cover brokering, and a broker license does not cover lending or servicing.
Who should I contact for Montana mortgage bond help?
Call Jet at (855) 516-3348, email [email protected], or start a quote online for help choosing, purchasing, renewing, replacing, or changing a Montana mortgage license bond.
Get the Montana Mortgage Bond Required for Your License
Start by choosing the Montana bond that matches your license, company record, annual loan production, mortgage servicer unpaid principal balance, MLO coverage, or NMLS requirement. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.
Montana mortgage bond pricing starts at $125 for one year for a $25,000 broker or lender bond and $375 for one year for a $75,000 mortgage servicer bond.
Call: (855) 516-3348
Email: [email protected]