How Much Does a Mortgage Broker, Lender, Originator or Correspondent Bond Cost in Pennsylvania?
Mortgage Originator Bond - Employee/Individual
Mortgage Broker Bond - Advance Fees
$100,000 Bond
Mortgage Originator Bond - Company/Sponsor
Bonds up to $250,000
Mortgage Lender License Bond
Bonds up to $250,000
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Mortgage Loan Correspondent Bond
Bonds up to $250,000
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Takes 2 Minutes
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What Does a Mortgage Broker, Lender, Originator or Correspondent Bond Protect Against?
The bonds generally require that the bonded principal shall:
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compy with the provisions of the Mortgage Licensing Act; and
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compy with all the rules and regulations of the Department issued in accordance with the Mortgage Licensing Act; and
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pay any moneys due to the Commonwealth, the Department, or any person or persons who is injured by the acts or omissions related to the mortgage loan business under the provisions of this Act,