Missouri Finance and Mortgage Broker Bonds

Missouri mortgage broker bonds are required for mortgage professionals to operate in the state. Learn more about these bonds and find the best rates online.
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Missouri Finance and Mortgage Broker Bonds

Commissioner of Finance Money Transmitter Bond

Commissioner of Finance Money Transmitter Bond

The Missouri Money Transmitter Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
MO
Bond Terms
Commissioner of Finance
Bond Premium
Bond Amount:
$100,000
Bond Duration
Bond Term:
12 months
Months
Department of Insurance Third Party Administrator Bond

Department of Insurance Third Party Administrator Bond

The Missouri Third Party Administrator Bond starts at $500 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
MO
Bond Terms
Department of Insurance
Bond Premium
Bond Amount:
$50,000
Bond Duration
Bond Term:
12 months
Months
Division of Finance Title Loan Lender Bond

Division of Finance Title Loan Lender Bond

The Missouri Title Loan Lender Bond starts at $200 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
MO
Bond Terms
Division of Finance
Bond Premium
Bond Amount:
$20,000
Bond Duration
Bond Term:
12 months
Months
State of Missouri Check Issuer Bond

State of Missouri Check Issuer Bond

The Missouri Check Issuer Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
MO
Bond Terms
State of Missouri
Bond Premium
Bond Amount:
$100,000
Bond Duration
Bond Term:
12 months
Months
State of Missouri Consumer Credit Lenders Bond

State of Missouri Consumer Credit Lenders Bond

The Missouri Consumer Credit Lenders Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
MO
Bond Terms
State of Missouri
Bond Premium
Bond Amount:
$100,000
Bond Duration
Bond Term:
12 months
Months
State of Missouri Debt Adjusters Bond

State of Missouri Debt Adjusters Bond

The Missouri Debt Adjusters Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
MO
Bond Terms
State of Missouri
Bond Premium
Bond Amount:
$100,000
Bond Duration
Bond Term:
12 months
Months
State of Missouri Residential Mortgage Loan Broker Bond

State of Missouri Residential Mortgage Loan Broker Bond

The Missouri Residential Mortgage Loan Broker Bond starts at $500 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
MO
Bond Terms
State of Missouri
Bond Premium
Bond Amount:
$50,000-$250,000
Bond Duration
Bond Term:
12 months
Months
United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond

United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond

The United States Trustee US Trustee Program Nonprofit Budget and Credit Counseling Agency Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
US
Bond Terms
United States Trustee
Bond Premium
Bond Amount:
$1-$100,000
Bond Duration
Bond Term:
12 months
Months

What are Missouri finance & mortgage broker bonds?

Finance and mortgage broker bonds are legally binding agreements between three parties:

The bonds provide a guarantee that licensed finance professionals conduct business in compliance with the regulations set forth in the Missouri Revised Statutes

If the finance professional fails to comply with the regulations, the surety company will pay out financial losses to damaged parties up to the full bond amount. The finance professional is liable to reimburse the surety for any damages paid under the bond.

How much do Missouri finance & mortgage broker bonds cost?

The Missouri Division of Finance requires residential mortgage loan brokers to post a surety bond worth at least $50,000 as part of the licensing process. The bond requirements for other finance bonds in Missouri are as follows:

  • Missouri Money Transmitter Bond: $100,000
  • Missouri Consumer Credit Lenders Bond: $100,000
  • Missouri Division of Finance Title Loan Lender Bond: $20,000
  • Missouri Debt Adjuster Bond: $100,000
  • Missouri Check Issuer Bond: Varies

The surety company issuing the bond determines your premium rate, which is the percentage of the total bond amount you pay as the premium. Premium rates for the Missouri finance and mortgage broker bonds typically cost between 1% and 5% of the total bond amount. EZSurety has issued mortgage lender bonds in Missouri for premiums as low as $500.

During the application process, the surety company evaluates your personal credit, financial statements, industry experience, and licensing history. Applicants with good credit generally receive the lowest rates, however, bad credit will not prevent you from securing a Missouri mortgage broker bond. EZSurety still offers competitive rates to individuals with low credit scores or other financial issues.

How to get your mortgage broker license in Missouri?

To become a licensed mortgage broker in Missouri, you must meet the following licensing requirements:

  1. Complete the criminal background check
  2. Submit your personal financial statements
  3. Provide credit reports for all controlling persons
  4. Submit your application through the Nationwide Multistate Licensing System & Registry (NMLS)
  5. Post the appropriate surety bond
  6. Pay $1,000 in licensing fees and a $36.26 background check fee

For information on obtaining other finance licenses in Missouri, you can visit the NMLS Resource Center.

How to Know if You Need a Surety Bond

You’ll know if you need a surety bond because some entity will have required you to obtain one. They must also inform you of which specific bond type you’ll need. There are thousands of bonds across the country, all of which vary by state and industry.

Visit EZSuretyBonds.com to browse hundreds of bonds by state, type, or industry.

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