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Georgia Mortgage Broker, Lender or Loan Originator Bond

Georgia Mortgage Broker, Lender or Loan Originator Bond

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

Mortgage brokers and lenders operating in Georgia must post a surety bond on behalf of the Georgia Department of Banking and Finance. In order to receive an accurate premium quote, you should verify with the state the exact bond amount required for your particular situation prior to requesting a bond quote. The minimum amount of the bond required is $50,000 in all cases.

How Much Will My Surety Bond Cost?

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

What Does the Bond Protect Against?

The purpose of the bond is to ensure that licensed mortgage brokers and lenders conduct business practices in accordance with the provisions the Georgia Residential Mortgage Act and other applicable guidelines and legal requirements.

In the event that damages result from the broker or lender’s non-compliance or other violation, a valid claim may be filed requiring the surety company to compensate the damaged party for losses up to the full amount of the bond. The bond principal provides indemnity to the surety company requiring reimbursement of any losses. This bond may be canceled if the surety company provides 30 days advance written notice to the Department of Banking and Finance.

List of Georgia surety bonds.

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