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Arkansas Mortgage Broker, Banker or Servicer Bond

Arkansas Mortgage Broker, Banker or Servicer Bond

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Who Requires the Mortgage Broker, Banker or Servicer Bond and Why Is It Needed?

The State of Arkansas Securities Department requires that Mortgage brokers, bankers and Servicers post surety bonds. The bond is for the benefit of third parties that may be damaged by the actions of the principal, including judgments in suits for the misappropriation of any funds paid into or deposited with the bonded principal. The bond amount or coverage required is based on prior year loan activity; $100,000 bond for up to $10,000,000 in loan volume, $150,000 for $10,000,000 to $25,000,000, or $200,000 for over $25,000,000.

 

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Arkansas Mortgage Broker, Banker or Servicer Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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