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Alaska
Registered Depository Institution Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $75,000
Term Length: 1 year
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Alaska Registered Depository Institution Bond Guide

If you’re applying for a mortgage license in Alaska, you may need this surety bond. 

Bond Overview

  • Purpose: To ensure compliance with state mortgage laws and regulations
  • Who Needs It: Registered depository institutions sponsoring mortgage loan originators
  • Regulating Body: The Alaska Department of Commerce
  • Required Coverage: $75,000
  • Premium Rate: $750–$7,500, credit-based

Learn all about the bond requirements and process in this guide. 

What Is an Alaska Registered Depository Institution Bond?

An Alaska registered depository institution bond ensures compliance with state mortgage laws and regulations.

Registered depository institutions in Alaska must file a $75,000 surety bond as financial security with the Department of Commerce to sponsor a mortgage loan originator.

How Much Do Registered Depository Institution Bonds Cost?

Alaska registered depository institution bonds cost a small percentage of the $75,000 coverage amount, typically $750–$7,500.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$75,000Registered Depository Institution Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get an Alaska registered depository institution bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll upload the bond directly to the NMLS on your behalf. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does an Alaska Registered Depository Institution Bond Work? 

A registered depository institution bond creates a legal contract between these three parties: 

  1. Principal: You, the registered depository institution filing the bond
  2. Obligee: The Alaska Department of Commerce requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Alaska Statutes 06.60.014. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your registered depository institution bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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