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Florida Mortgage Lender or Correspondent Mortgage Lender Bond


Florida Mortgage Lender or Correspondent Mortgage Lender Bond Information

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.

How Much Does a Mortgage Lender or Correspondent Mortgage Lender Bond Cost in Florida?

Mortgage Broker, Lender or Other Industry Bond

$10,000 Bond

Collection Agency Bond

$50,000 Bond

Multi-Year Options May be Available

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