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Minnesota Mortgage Broker Bond info
Department of Commerce is the Obligee
The Minnesota mortgage brokers must have $850 initial
application fee. No specific education or experience
requirements are needed. A Mortgage broker Bond or an
irrevocable letter of credit of not less than $50,000
is required for servicing residential loans unless the
originator is FNMA or FHLMC approved. The Mortgage broker
Bond usually must be obtained before the Mortgage Broker
license is issued. Obtaining a Surety Bond or Mortgage
Broker Bond is like applying for a loan, the surety
will review credit and financials to determine the rate.
Please always check with the state for updated information
and make sure the state fees or Surety Bond amounts/requirements
have not changed. For your convenience the owner’s website
has been provided above. Please always request a copy
of the Surety Bond form in question from the state.
 Minnesota
Agricultural Dealer Surety Bond ($5,000 - $100, 0000)
Minnesota
Citrus Surety Bonds
Minnesota
Collection Agency
Minnesota
Contractor License Surety Bond ($10,000)
Minnesota
Contractor License Surety Bond ($50,000)
Minnesota
Dance Studio Surety Bond ($5,000 / $10,000 / $15,000)
Minnesota
Financial Responsible Officer Surety Bond ($50,000)
Minnesota
Health Care Facilities Provider
Minnesota
Health Club Surety Bond ($50,000)
Minnesota
Insurance Adjuster Surety Bond
Minnesota
Liquor Bond
Minnesota
Medicaid Bond ($50,000)
Minnesota
Mortgage Broker ($10,000)
Minnesota
Mortgage Correspondent / Lender ($25,000)
Minnesota
Mobile Home Installer Surety Bond
Minnesota
Mobile Home Dealer Surety Bond ($25,000)
Minnesota
Motor Vehicle Dealer License Bond ($25,000)
Minnesota
Private School Surety Bond
Minnesota
Pawnbroker Surety Bond
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