Utah Mortgage Bond Markets

Bad Credit Mortgage Broker Bonds

Applicants with a low credit score, or public records (Bankruptcy, Liens, Collection, or Civil Judgments) will find a difficult time getting bonded. Bryant Surety Bonds, inc offers a Bad Credit Surety Bond Program that is specially tailored to your needs and can get you approved. This program is available for high risk mortgage brokers.

Utah Licensure Requirements*

Applicant Requirements:

  • Age: 18 years of age
  • State Residency: No Requirement
  • Experience/Education/Examination: Applicants principle lending manager must fulfill one of the following: 1) 40 hours of pre-licensure education taken within one year of application, three years experience, and must pass the entire principle lending manager exam; OR 2) the PLM must have 5 years experience in Utah licensed lending and pass the Utah law portion of the PLM exam.
  • Continuing Education: Applicant or PLM must complete 14 hours of continuing education every 2 years.
  • Fitness For Licensure: All individual in management must have good moral character and competency to transact business.
  • Net Worth: No Requirement
  • Surety Bond: No Requirement
  • Background Check: Unknown
  • Managing Principal: Applicant must designate a Principle Lending Manager. The PLM must fulfill the pre-licensure/education/examination/fitness requirements. The PLM must also submit fingerprints and consent to a background check. The Principle Lending Manager is a separate license.

State Licensing Fees:

  • Initial Application: $200 Licensing Fee, $50 Application Fee
  • Branch Application: $25 Branch License Fee
  • Renewal Application: $253 Renewal Fee (every 2 years)

Employee Requirements:

  • Age: 18 Years of age or older
  • State Residency: Unknown
  • Experience: Unknown
  • Education: 20 hours of pre-licensure education with one year prior to application.
  • Continuing Education: 14 hours of continuing education is required biennially
  • Examination: Applicant must pass an exam.
  • Fitness For Licensure: Good moral character, honesty, integrity, and competency.
  • Net Worth: No Requirement
  • Surety Bond: No Requirement
  • Background Check: Applicant must submit fingerprints and consent to a background check
  • Managing Principal: Unknown
  • Exemptions: Unknown
  • Licensing Fee: Unknown
  • Renewal Fee: Unknown

Branch Offices:

  • In State Requirements: No Requirement
  • Licensure Requirements: $25 Branch license fee
  • Branch Manager: No Requirement


  • Entities: Lawyers, Real Estate Agents, Regulated Financial Institutions
  • Safe Harbor: None

*Information for state licensing is provided as a guide, always verify with the state that the information is correct.

How to apply:

1.) Visit the commercial application page.
2.) Complete our online application.

About the author:
Todd Bryant
Todd Bryant is a graduate of Germantown Academy and the University of Pittsburgh College of Business Administration Honors College. He has been President of Bryant Surety Bonds, Inc., an A+ rated Business with the Better Business Bureau, since 2007. Licensed as a producer with the Department of Insurance, he has been published in the National Association of Surety Bond Producers newsletter and on numerous authoritative publications such as The Washington Post, Entrepreneur.com, Azcentral.com and many more.