Who requires it
Missouri Division of Finance — Mortgage Licensing
License & permit · Missouri
Missouri Mortgage Broker / Lender / Servicer Bond
Residential mortgage loan brokers licensed by the Missouri Division of Finance must deliver a surety bond before a license issues or renews. Section 443.849 sets a fifty-thousand to one-million-dollar range tied to loan volume, and the Division’s published schedule converts prior-year Missouri brokered, funded, and serviced volume into the required amount.
Common bond amount
$50,000–$500,000 by volume
Division schedule tiers; statutory range $50,000–$1,000,000. Highest of brokered/funded/serviced categories applies.
How you file
File through NMLS on the director’s form; company bond covers employed originators
Renewal
Maintain for license; file increases by May 1 when the schedule requires
Who requires it
Companies seeking or holding residential mortgage loan broker licenses under §§ 443.701–443.893 that must broker, fund, service, or purchase residential mortgage loans unless exempt. The company bond secures faithful performance of the applicant, employees, and agents, including mortgage loan originators, in originating, servicing, or acquiring mortgage loans.
How much is required
Section 443.849 requires an amount that reflects the dollar amount of loans originated as determined by the director, never less than $50,000 and never more than $1,000,000. The Division of Finance Surety Bond Schedule—and matching 20 CSR 1140-30.310—sets amounts by prior-year Missouri volume for loans brokered, funded, and serviced. When a firm does more than one activity, the category that produces the highest bond amount controls. Increased bonds under the schedule are due by May 1.
How to get and file it
Work with a surety authorized in Missouri on the director-prescribed bond form sized to your schedule tier. File through NMLS with the company license record, keep the business name identical to the MU1, and raise the amount by May 1 when the annual activity report pushes you into a higher band. Deliver the bond before issuance or renewal. If an action is commenced on the bond, or after any recovery, the director may require a new bond immediately. Sureties may cancel only on the terms the director prescribes; coverage continues for acts while the bond was in force for the applicable limitations period while funds remain.
Cost note
The schedule amount is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Statutory range
- $50,000 minimum to $1,000,000 maximum under § 443.849
- Schedule logic
- Prior-year MO brokered, funded, and serviced volume; highest category wins
- Increase deadline
- File any required increase with the director by May 1
Official sources
Related resources
Frequently asked questions
What if I both broker and fund loans?
Use the Division schedule row for your prior-year volume and take the higher of the brokered and funded columns. The same rule applies if you also service loans.
Do individual mortgage loan originators need their own bond?
The company bond under § 443.849 is written to cover employees and agents, including mortgage loan originators. Confirm your sponsorship arrangement on the current NMLS checklist.
Related Missouri bond guides
Money Transmitter Bond
$100,000–$500,000
Missouri money-transmission licensees must keep a director-satisfactory surety bond under the Money Transmission Modernization Act. Section 361.1002 sizes the amount at not less than one hundred thousand dollars and can raise it to five hundred thousand dollars based on average daily Missouri transmission liability.
Credit Services Organization Bond
$10,000
Missouri credit services organizations that charge or receive money before finishing the services they agreed to perform must keep a ten-thousand-dollar surety bond or surety account under § 407.639. A copy of the bond—or notice of the surety account—is filed with the director of finance.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Missouri application
Missouri will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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