Last updated: October 4, 2026|General Alaska mortgage broker/lender bond information — confirm current requirements with the licensing authority.

Alaska DBS · AS 06.60.045

Alaska Mortgage Broker Bond

Q: How much is the Alaska mortgage broker bond?

It is a flat $75,000 surety bond. Alaska sets the amount by regulation — 3 AAC 14.053, under the bond authority in AS 06.60.045 — and it is the same $75,000 whether you are a small mortgage broker or a large mortgage lender. The bond is filed electronically through NMLS as an Electronic Surety Bond (ESB). You do not pay the full $75,000; you pay a premium, which is a percentage of that penal sum set by your personal credit and company financials — often roughly 1% to 3% for well-qualified applicants.

Q: Why is the amount flat instead of scaling with my loan volume?

Alaska simply fixes the penal sum in its administrative code rather than tying it to production. That makes Alaska unusual: states like California and Texas size their mortgage bonds to loan or servicing volume, so the required amount climbs as you grow. In Alaska a one-person shop and a high-volume lender post the identical $75,000. The number was set at $75,000 when the Division of Banking and Securities raised it from the prior amount under regulations adopted in December 2010, and it has stayed there.

Q: Do I need a separate bond for each DBA or trade name?

Yes. This is the detail most quotes miss. In Alaska each Other Trade Name (OTN) is its own license in NMLS, and every OTN license carries its own separate $75,000 bond. One bond does not stretch across your trade names. So a company operating under its legal name plus two DBAs files three bonds — $225,000 in aggregate penal sum. The premium is charged per bond, so trade names, not loan volume, are what actually multiply your bonding cost in Alaska.

Q: If I have several branch offices, does each one need its own bond?

No. A single $75,000 bond covers every physical location operating under one license and name. It is trade names that add bonds, not addresses. Open three branches under the same licensed entity name and you still carry one bond; add a DBA and you add a bond. If you are unsure whether a location needs a separate OTN filing, confirm with the Division of Banking and Securities before you open it.

Q: Does Alaska make brokers and lenders carry different bonds?

No. Alaska issues one combined Mortgage Broker/Lender license under the Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010 (AS 06.60). The same license authorizes first- and second-mortgage brokering, first- and second-mortgage lending, reverse mortgages, home equity lines, loan modifications, and third-party processing — all backed by the one $75,000 bond. You do not buy a broker bond and a separate lender bond.

Q: What happens if a claim is paid on my Alaska bond?

The bond runs to the benefit of the Department, the Department of Law, or any person harmed by a violation of AS 06.60 or the mortgage regulations. If a valid claim is paid, the surety covers the consumer up to the $75,000 penal sum — and then you repay the surety in full under your indemnity agreement, because a surety bond is a credit instrument, not insurance for you. You must also keep the bond continuously in force; a lapse can lead to administrative action against your license.

The Alaska mortgage broker bond is a flat $75,000 surety bond required to hold a mortgage broker or mortgage lender license — set by regulation at 3 AAC 14.053 under the bond authority of AS 06.60.045, and enforced by the Division of Banking and Securities (Department of Commerce, Community & Economic Development). It is the same $75,000 for everyone; the amount does not scale with your loan volume. You never pay the full sum — the premium is a small percentage of it, commonly around 1–3% for well-qualified applicants, filed electronically through NMLS. The one twist that is easy to miss: each trade name you run under needs its own separate $75,000 bond.

Quote my $75,000 bond Compare other states' bonds

Quick answer

The Alaska mortgage broker bond is a flat $75,000 for brokers and lenders alike, and each trade name you run under needs its own separate bond. You pay a premium that is a small percentage of the bond amount, not the full amount (any cost here is an estimate; the surety sets the final price).

Who requires it: The Alaska Division of Banking and Securities, under 3 AAC 14.053 and AS 06.60.045; filed electronically through NMLS.
Amount: A flat $75,000 per trade name. The amount does not scale with loan volume.
Typical cost (estimate): often roughly 1% to 3% of the $75,000 for well-qualified applicants. The surety sets the final price.
Timing: Same-day submission; most quotes within one business day.

Get an Alaska mortgage broker bond quote

Flat amount, per-name math

One flat $75,000 — then multiply by every trade name

The headline number is easy: Alaska fixes the mortgage bond at $75,000 in 3 AAC 14.053, and it applies to every licensee regardless of how many loans you close. Where the real cost decision lives is trade names. In Alaska each Other Trade Name (OTN) is a separate license in NMLS, and a separate license means a separate bond. One $75,000 bond covers all the branch offices you run under a single licensed name, but it does not reach across DBAs. That is the piece a templated “$75,000 Alaska bond” quote never tells you.

Your total Alaska bonding = $75,000 per license

Worked Example

Given1 primary license + 2 DBAs

$75,000 × 3 licenses

Bond Amount$225,000 total penal sum

Given1 primary license + 2 DBAs

$75,000 × 3 licenses

Bond Amount$225,000 total penal sum

3 AAC 14.053 fixes a flat $75,000 bond per Alaska mortgage license; each approved Other Trade Name (OTN) files its own separate bond. Bond authority: AS 06.60.045.

Practically: if you operate only under your legal entity name, you file one bond. Add a consumer-facing brand as a DBA and you file two. The good news is that the premium — not the penal sum — is what you actually pay, and it is charged per bond, so most single-name brokers spend far less than the $75,000 figure implies. See how the premium is set in the surety bond cost guide.

Broker and lender ride on one license — and one bond

Some states split brokering and lending into separate licenses with separate bonds. Alaska does not. Under the Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010 (AS 06.60), a single Mortgage Broker/Lender license — and its single $75,000 bond — authorizes the full range of first-lien and subordinate mortgage work:

If you broker

Intermediary, no own funds

First- and second-mortgage brokering
Reverse mortgage and home-equity line activity
Third-party loan processing and underwriting
Lead generation and loan modifications

If you lend

Fund on Alaska property

First- and second-mortgage lending
Manufactured-housing financing
High-cost home loans and reverse mortgages
Setting rate, terms, and repayment schedule

One more requirement pairs with the bond: your sponsored mortgage loan originators must hold active licenses before you submit sponsorship requests (AS 06.60.012), and the company license must be approved first. New to the path? Our guide on how to become a mortgage broker walks the NMLS process, and the mortgage bond requirements by state reference shows which states scale by volume and which, like Alaska, use a flat number.

What a $75,000 Alaska bond actually costs

Because the penal sum is fixed, price is entirely an underwriting question. The surety looks at the personal credit of the control persons and the company financials, then charges a premium that is a percentage of the $75,000 — not the whole amount. Strong applicants land near the low end; credit challenges push the rate up. Here is the realistic range per bond, per year:

Estimated annual premium on the $75,000 Alaska bond

Based on a $75,000 bond amount

Credit ScoreEst. Annual Cost

Excellent (720+)Rate: ~1%
$750
Good (680–719)Rate: ~1.5%
$1,125
Fair (640–679)Rate: ~2.5%
$1,875
Challenged (<640)Rate: 3.5%–7.5%
$2,625–$5,625

Illustrative estimates, not quotes. The $75,000 penal sum is fixed by 3 AAC 14.053; your premium is a percentage of it set by credit and financials, and it is charged separately for each trade-name bond. Final pricing comes from the surety after review.

Want a working number before you apply? Run the mortgage bond cost calculator, or compare how the required amount and premium shift across states in the mortgage bond cost by state breakdown.

Filing the bond with the Division of Banking and Securities

Alaska administers the whole license through NMLS — there are no paper licenses — and the bond is an electronic surety bond filed the same way. Here is where the bond fits in the sequence:

File the company (MU1) application in NMLS

Submit the Company Form (MU1) with your financial statements and a certified resolution authorizing the filing. Alaska charges a $1,000 license fee, a $500 application fee, a $120 NMLS processing fee, and $15 per control person for credit reports (all nonrefundable).

Obtain the $75,000 electronic surety bond

The surety issues the Alaska Mortgage Licensee bond for the exact $75,000 penal sum and files it electronically through NMLS. We shop it across Treasury-listed carriers so the premium is as low as your credit allows.

License each trade name separately — and bond it

If you use a DBA, apply for a separate Other Trade Name (OTN) license (wait at least 48 hours after the primary filing), and file its own $75,000 bond. Every OTN is its own license with its own bond.

Keep the bond continuous

The bond must stay in force for the life of the license. A lapse can trigger administrative action, penalties, or license suspension, so renewals and any surety changes have to keep coverage unbroken.

Know how many trade names you run? We'll write each $75,000 bond and file it through NMLS to the exact amount.

Start my Alaska bond quote

Who the bond protects — and how a claim works

The $75,000 is not a fee to the state and it is not insurance for you. It is a guarantee to the public. The Alaska bond runs to the benefit of the Department, the Department of Law, or any person with a claim arising from a violation of AS 06.60 or the mortgage regulations by the licensee, its employees, or its agents.

The consumer is covered

A borrower harmed by a violation can recover against the bond, up to the $75,000 penal sum, per bond.

You repay the surety

Anything the surety pays comes back to you under your indemnity agreement — the bond backs the public, not your balance sheet.

It stays in force

Coverage cannot lapse while you are licensed; a gap can lead to administrative action against the license.

A paid claim makes the bond much harder and costlier to replace. Our guide on how to avoid a surety bond claim covers the compliance habits that keep a complaint from ever reaching the bond.

Where the Alaska rules on this page come from

AS 06.60.045 requires a mortgage licensee to maintain a surety bond in the amount set by regulation, and 3 AAC 14.053 is the regulation that sets it — the Division of Banking and Securities put that figure at $75,000, filed electronically through NMLS. A bond is required for each license, including each Other Trade Name license.

The bond runs to the benefit of the department, the Department of Law, or a person with a claim arising from a violation of AS 06.60.

That is our summary of the statute and the regulation together, written in our words rather than quoted from either. Confirm the current requirement with the Alaska Division of Banking and Securities before filing.

Compare Alaska with the volume-scaled states

Alaska's flat $75,000 looks high until you compare it with states that climb with your book. If you originate across the West, these are the neighbors most often licensed alongside Alaska:

Washington Mortgage BondDFI broker and consumer-loan bonds, sized by activity California Mortgage Bond ($25K–$200K)DFPI bonds that scale with loan volume Nevada Mortgage BondMLD broker bonds tiered by prior-year volume Arizona Mortgage BondAZDFI broker/banker bonds by dollar volume

Need a different Alaska license bond? Browse every Alaska surety bond, see the full mortgage broker bonds hub, or start from the full bond catalog.

Alaska mortgage bond — straight answers

How much is the Alaska mortgage broker bond?

It is a flat $75,000 surety bond. Alaska sets the amount by regulation — 3 AAC 14.053, under the bond authority in AS 06.60.045 — and it is the same $75,000 whether you are a small mortgage broker or a large mortgage lender. The bond is filed electronically through NMLS as an Electronic Surety Bond (ESB). You do not pay the full $75,000; you pay a premium, which is a percentage of that penal sum set by your personal credit and company financials — often roughly 1% to 3% for well-qualified applicants.

Why is the amount flat instead of scaling with my loan volume?

Alaska simply fixes the penal sum in its administrative code rather than tying it to production. That makes Alaska unusual: states like California and Texas size their mortgage bonds to loan or servicing volume, so the required amount climbs as you grow. In Alaska a one-person shop and a high-volume lender post the identical $75,000. The number was set at $75,000 when the Division of Banking and Securities raised it from the prior amount under regulations adopted in December 2010, and it has stayed there.

Do I need a separate bond for each DBA or trade name?

Yes. This is the detail most quotes miss. In Alaska each Other Trade Name (OTN) is its own license in NMLS, and every OTN license carries its own separate $75,000 bond. One bond does not stretch across your trade names. So a company operating under its legal name plus two DBAs files three bonds — $225,000 in aggregate penal sum. The premium is charged per bond, so trade names, not loan volume, are what actually multiply your bonding cost in Alaska.

If I have several branch offices, does each one need its own bond?

No. A single $75,000 bond covers every physical location operating under one license and name. It is trade names that add bonds, not addresses. Open three branches under the same licensed entity name and you still carry one bond; add a DBA and you add a bond. If you are unsure whether a location needs a separate OTN filing, confirm with the Division of Banking and Securities before you open it.

Does Alaska make brokers and lenders carry different bonds?

No. Alaska issues one combined Mortgage Broker/Lender license under the Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010 (AS 06.60). The same license authorizes first- and second-mortgage brokering, first- and second-mortgage lending, reverse mortgages, home equity lines, loan modifications, and third-party processing — all backed by the one $75,000 bond. You do not buy a broker bond and a separate lender bond.

What happens if a claim is paid on my Alaska bond?

The bond runs to the benefit of the Department, the Department of Law, or any person harmed by a violation of AS 06.60 or the mortgage regulations. If a valid claim is paid, the surety covers the consumer up to the $75,000 penal sum — and then you repay the surety in full under your indemnity agreement, because a surety bond is a credit instrument, not insurance for you. You must also keep the bond continuously in force; a lapse can lead to administrative action against your license.

Reviewed by

Eric Drummond, Licensed Surety Producer

Verify credentials →

All content is researched from official state and federal sources (.gov). BuySuretyBonds.com works with Treasury-listed surety carriers.

Read our editorial standards & corrections policy →

General information, not legal or licensing advice. Alaska mortgage licensing is governed by AS 06.60 (the Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010) and 3 AAC 14, administered by the Division of Banking and Securities through NMLS; the $75,000 bond amount is set by regulation and can change. Confirm the current requirement with the Division and request a quote for your specific bond form and trade-name count.

One flat bond, priced to your credit — not your volume

Tell us your license role and how many Alaska trade names you file under. We'll write each $75,000 bond, shop it across Treasury-listed sureties, and file it through NMLS — free quote, no obligation.

Get my free Alaska mortgage bond quote

Other bonds in Alaska

All Alaska surety bond requirements