Who Requires the Mortgage Loan Broker or Originator Bond and Why Is It Needed?
Mortgage brokers in Delaware must furnish a Mortgage Loan Surety Bond in the amount of $25,000 per Section 2108(a), Title 5 of the Delaware Code. The surety bond is a requirement of the State of Delaware, Office of the State Bank Commissioner.
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 Delaware Mortgage Loan Broker or Originator 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.
