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Arkansas Mortgage Broker, Banker or Servicer Bond


Arkansas Mortgage Broker, Banker or Servicer Bond Information

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 Does a Mortgage Broker, Banker or Servicer Bond Cost in Arkansas?

Mortgage Broker Bond
Mortgage Banker Bond
Mortgage Loan Servicer Bond

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Other Helpful Information and Links

FMLA Form 008 SURETY BOND