California Mortgage Broker, Lender or Servicer Bond

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California Mortgage Broker, Lender or Servicer Bond Information

Residential Mortgage Broker, Lender and Servicer Bonds are required in California as part of the licensing process for these mortgage professionals. A separate guide is available for Finance Broker and Finance Lender Bonds.

The bond guarantees that the bonded party will comply with the rules, regulations and guidelines established by the state. Typically, mortgage professionals will be required to apply for surety bonds in each state in which they operate and mortgage bond amounts and obligations vary by state. As a leading mortgage bond provider, Surety Bonds Direct is here to help you through this process.

How Much Does a Mortgage Bond Cost in California?

Residential Mortgage Lender Bond

$50,000 Bond

Get a Free Quote Takes 2 Minutes

Residential Mortgage Servicer Bond

$50,000 Bond

Get a Free Quote Takes 2 Minutes

Mortgage Broker Bond (Finance Lender/ Broker)

$25,000 Bond

1-Year Bond for $200.00 3-Year Bond for $500.00

Buy Now - $200.00 Instant Purchase

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What Does a Mortgage Bond Protect Against?

The bond protects those who sustain damages related to the principal's violation of the provisions of the California Residential Mortgage Lending Act and all amendments and supplements, and or any rules and regulations made by the Commissioner of Business Oversight of the State of California under the California Residential Mortgage Lending Act.

The bonded principal must honestly and faithfully apply all funds received and perform all obligations and requirements under the California Residential Mortgage Lending Act, and pay to the Commissioner of Business Oversight of the State of California or to any persons, all moneys due from the principal under the provisions of the California Residential Mortgage Lending Act.