Wisconsin — Mortgage Broker - NMLS Bond
Wisconsin's mortgage broker licensing statute calls for a $120,000 commercial surety bond. Prepare the brokerage company's information for this broker-specific application.
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- Recorded state
- Wisconsin
- Bond type
- Mortgage Broker Bond
- Category
- Financial services
What this bond does
Secure faithful performance of the mortgage broker's duties and obligations.
- Who needs it
- Wisconsin mortgage broker company applicants.
- Who it protects
- The bond is payable to the division for the benefit of people to whom the broker provided brokerage services.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Wisconsin Statutes 224.72(4)(am) (opens in a new tab)Checked October 22, 2026
- NMLS: gathering electronic surety bond requirements (opens in a new tab)Checked October 22, 2026
Have these ready
- Brokerage legal name and NMLS ID.
- Wisconsin broker request and required form.
- Effective date and company signatory.
Questions about this bond
Is the banker's amount the broker amount?
No. The statute names $120,000 for a mortgage broker and $300,000 for a mortgage banker.
Does the bond establish adequate net worth?
No. Financial-statement and net worth requirements remain separate from providing the bond.
Where do I begin?
Purchase Now opens Propeller in a new tab for the application. Issuance, required filing and license approval are separate.