Who requires it
Utah Department of Financial Institutions — Mortgage
License & permit · Utah
Utah Mortgage Loan Originator Bond
Utah Department of Financial Institutions mortgage loan originators licensed under Title 70D must be covered by a surety bond under Rule R343-5. Individual amounts run $12,500, $25,000, or $50,000 based on prior-calendar-year origination volume. A qualified employer may elect entity coverage so exclusive originators do not each post a separate bond.
Common bond amount
$12,500–$50,000
Individual R343-5-2 tiers by prior-year volume; optional entity coverage under R343-5-3 up to $100,000.
How you file
File with the Department of Financial Institutions; employer entity coverage optional
Renewal
Maintain with license; resize when volume crosses R343-5 tiers
Who requires it
Individuals applying for or holding a DFI mortgage loan originator license who must show R343-5 coverage. DFI materials note that an active Division of Real Estate license can mean a DFI MLO license is not also required for the same person—confirm which agency licenses your work. Retail closed-end residential first-mortgage brokering and origination are primarily Division of Real Estate activities.
How much is required
Rule R343-5-2 sizes an individual bond from prior-year personal origination volume (loans originated, arranged, booked, brokered, funded, made, or otherwise included in production): up to $5 million → $12,500; $5 million to $15 million → $25,000; over $15 million → $50,000. Rule R343-5-3 allows a qualified business entity that files the required DFI notification or registration to cover exclusive MLOs with entity volume tiers: up to $10 million → $25,000; $10 million to $30 million → $50,000; over $30 million → $100,000.
How to get and file it
Confirm whether you need an individual bond or employer entity coverage. Have an authorized surety issue the R343-5 bond, file as DFI directs (including NMLS steps), and email proof of the individual bond or employer coverage confirmation to the DFI contact listed on the mortgage-lending page before expecting approval. Keep coverage active for the license term and resize when prior-year volume crosses a tier. If you leave an employer’s entity bond, obtain individual coverage before a gap. Recheck DRE versus DFI licensing if your job duties change between retail first-mortgage origination and Title 70D activities.
Cost note
Twelve thousand five hundred to fifty thousand dollars (individual) or the entity-tier amount is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Individual tiers
- $12,500 / $25,000 / $50,000 under R343-5-2
- Entity option
- $25,000 / $50,000 / $100,000 under R343-5-3 when eligible
- Proof to DFI
- Email individual bond copy or employer coverage confirmation before approval
- Related path
- DRE licenses retail first-mortgage brokering/origination separately
Official sources
Related resources
Frequently asked questions
Can my company bond cover my Utah DFI MLO license?
Yes, if the entity qualifies under R343-5-3, files the required DFI notification or registration, and the bond covers your exclusive originator activities. Otherwise you need an individual R343-5-2 bond sized to your personal prior-year volume.
Does this replace a Division of Real Estate mortgage license?
No. DFI’s page explains that brokering and retail origination of closed-end residential first mortgages are primarily Division of Real Estate matters. The R343-5 schedule published here is the DFI originator surety rule.
Related Utah bond guides
Money Transmitter Bond
$50,000
Utah money transmitters licensed under the Money Transmitter Act must submit a surety bond satisfactory to the commissioner in a minimum amount of $50,000. Utah Code § 7-25-204 ties the bond to reimbursing the state for expenses in administrative or judicial proceedings related to payment-instrument activity. NMLS checklists call for a $50,000 electronic surety from an authorized Utah surety.
Credit Services Organization Bond
$100,000
Utah credit services organizations must register with the Division of Consumer Protection and post $100,000 of security before conducting regulated credit-services business. Utah Code § 13-21-3 and current Division instructions accept a surety bond or a certificate of deposit in that amount.
Motor Vehicle Dealer Bond
$75,000 / $10,000
Utah motor vehicle dealers must keep a surety bond on file with the Motor Vehicle Enforcement Division for as long as they stay in business. MVED publishes fixed amounts: $75,000 for new or used motor vehicle dealers and $10,000 for motorcycle or small-trailer dealers. Operating without a current bond on file violates Utah Code § 41-3-205.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Utah application
Utah 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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