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For licensed lenders, Section 2203 states minimum bonds of $50,000 for annual Vermont originations from $0 through $1,000,000; $100,000 from $1,000,000.01 through $15,000,000; and $150,000 from $15,000,000.01 upward. The Commissioner may modify requirements or allow a waiver or other security as authorized. The separate liquid-asset test is not another bond amount. Confirm the current requirement for your actual activity and volume.

The bond must remain in force while the license remains effective. The statutory termination rule requires at least 60 days' prior written notice from the surety to both the obligor and Commissioner. The Commissioner may accept one bond covering multiple offices, but each required location license remains separate. Recovery on the bond requires a new bond, and Section 2203a permits a demand for additional security when an existing bond is insecure, exhausted or insufficient.

Purchase Now opens Propeller's Vermont lender application in a new tab. Bring DFR's written licensing request, accepted electronic bond form, exact company name and NMLS record, Vermont origination volume, offices, required sum and dates. Confirm the lender class, any authorized exception, amount and form before paying. Complete the required NMLS company bond process and separate main-office or branch licensing steps, then retain acceptance; a purchase or PDF alone does not approve the license.