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Utah
Mortgage Loan Originator Bond

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

Coverage Amount: $1,000 - $100,000
Term Length: 1 year
Price Varies
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Utah Mortgage Loan Originator Bond Guide

If you’re applying for a mortgage loan originator license in Utah, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure loan originators acts honestly and lawfully 
  • Who Needs It: Licensed mortgage loan originators in Utah
  • Regulating Body: The Utah Department of Financial Institutions
  • Required Coverage: $1,000–$100,000, based on origination volume
  • Premium Rate: 1.5–10%, credit-based

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

What Is a Utah Mortgage Loan Originator Bond?

A Utah mortgage loan originator bond protects the state and clients from financial harm if an originator breaks the law. It acts as financial security to repay potential damages. 

Who Needs a Mortgage Loan Originator Bond?

The Utah Department of Financial Institutions (DFI) requires this bond as part of the licensing process for all mortgage loan originators in the state.  

Your bond coverage will vary based on the value of annual loans originated: 

  • Under $5 million: $12,500 bond
  • Between $5 and $15 million: $25,000 bond
  • Over $15 million: $50,000 bond

How Much Do Mortgage Loan Originator Bonds Cost?

Utah mortgage loan originator bonds cost a small percentage of the coverage amount, typically 1.5–10%.

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

Bond Type
$1,000-$100,000Mortgage Loan Originator 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 a Utah mortgage loan originator 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 email you the bond shortly after purchase. Be sure to file it with the DFI as instructed. 

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

How Does a Utah Mortgage Loan Originator Bond Work? 

A mortgage loan originator bond creates a legal contract between these three parties: 

  1. Principal: You, the mortgage loan originator filing the bond
  2. Obligee: The Utah Department of Financial Institutions requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Utah Administrative Code R343-5-2(3). 

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 mortgage loan originator 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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