Minnesota Mortgage Originator and Servicer Bonds

A Mortgage Originator, Mortgage Servicer or Accelerated Mortgage Payment Provider Bond is mandated by Minnesota Statutes, Section 332.30, to secure the bonded principal's compliance with terms of Minnesota Statutes and other legal obligations arising out of the principal’s conduct as a mortgage originator, servicer, or accelerated payment provider. This bond is written for the benefit of the State of Minnesota and harmed financially due to the principal's failure to comply with Minnesota Statutes or other legal obligations.