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California Mortgage Broker, Lender or Servicer Bond

California Mortgage Broker, Lender or Servicer Bond

www.suretybondsdirect.com/surety-bond/mortgage-broker-lender-or-other-industry-bond/ca

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

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 Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your California Mortgage Broker, Lender 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.

What Does the 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.




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Surety Bonds Direct, LLC, Bonds Surety & Fidelity, Charleston, SC
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