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Oregon Mortgage Lender Surety Bond

Oregon Mortgage Lender Surety Bond

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

A Mortgage Lender Surety Bond must be posted by those applying to the Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities, for a license to operate as a mortgage broker or mortgage banker under ORS 86A.100 through 86A.992. The surety bond ensures that the principal, its agents and employees do not violate any provisions of state laws or fail to pay damages incurred by anyone as a result of the violations of state laws or other licensing provisions. The bond runs continuously through subsequent licensing periods until cancelled by the surety company through 30 days written notice to the Department of Consumer and Business Services, Division of Finance and Corporate Securities.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Oregon Mortgage Lender Surety 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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Surety Bonds Direct, LLC, Bonds Surety & Fidelity, Charleston, SC
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