The main thing to consider with Vermont is that Vermont will not license an applicant that each officer, director, and control person of the applicant has had a license revoked before. Vermont only permits the use of one additional trade name for each license obtained. Vermont does not allow the use of more than 6 other trade names. Vermont also requires not only financial statements dated within 90 days of the fiscal year end but audited financial statements from the prior two fiscal years as well as parent company financial statements if applicable.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
VermontMortgage Broker License$1100.00$188.00$324.50Call for More Information$1612.50
VermontLender License$2100.00$375.00$100.00Call for More Information$2575.00
VermontNo License/No COA$0.00$0.00$0.00Call for More Information$0.00

License: Lender License

  • Operating Status: Broker/Lender
  • Bond Amount: $50,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: No

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License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $25,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: No

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