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Oklahoma Mortgage Lender License Bond

Oklahoma Mortgage Lender License Bond

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Who Requires the Mortgage Lender License Bond and Why Is It Needed?

A Mortgage Lender License Bond is a type of surety bond issued to the Administrator of the Oklahoma Department of Consumer Credit for those licensed or applying to be licensed to transact business as a Mortgage Lender pursuant to the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act, Sections 2095.3 et seq. of Title 59, Oklahoma Statutes (the “Act”). The Mortgage Lender License Bond ensures compliance with all of the provisions of the Act, and satisfaction of all expenses, civil penalties and fees assessed against the bonded mortgage lender related to losses or damages incurred by a borrower or consumer as a result of the mortgage lender's failure to comply with the requirements of the Act or the duties and obligations under the license.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Oklahoma Mortgage Lender License 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.




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