California Foreclosure Consultant Bonds

Mortgage foreclosure consultants in California are required to post a $100,000 surety bond in order to legally conduct business in the state. The surety bond requirement is part of the registration with the Attorney General’s Office. A foreclosure consultant is an individual or business who, in exchange for compensation, promises to stop or postpone a foreclosure sale, prevent a residential foreclosure, or conduct any other similar activities as set forth in the California Civil Code Section 2945.1.