Mortgage Brokerbonds are required by The Vermont Department of Financial Regulation to comply with the state, city, county, or federal government licensing requirements. The obligee is the government entity requiring you to get the bond. There are a variety of types of surety bonds, each with its own requirements and uses. Each entity has their own Mortgage Broker Bond Form, so you will need a different Mortgage Broker bond for each state you will be transacting business in.