Florida Mortgage Lender or Correspondent Mortgage Lender Bond

A Mortgage Lender or Correspondent Mortgage Lender Bond is a surety bond required by the State of Florida Office of Financial Regulation. The surety bond provides a limited guarantee of faithful performance of all duties and responsibilities under the provisions of the Mortgage Brokerage and Mortgage Lending Act, Chapter 494, Florida Statutes. The bonded mortgage lender must also comply with the rules and regulations of the Office of Financial Regulation as set out by the Financial Services Commission.