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.