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Bonds up to $250,000
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Why is a Pennsylvania Mortgage Broker, Lender, Originator or Correspondent Bond Required?
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,
Additional Pennsylvania Mortgage Broker, Lender, Originator or Correspondent Bond Resources & Links
Pennsylvania Department of Banking and Securities Mortgage Licensees
MORTGAGE BROKER BOND – ADVANCE FEES