How Much Does a Mortgage Broker Business Bond Cost in Washington?
Mortgage Broker Business Bond
Collection Agency Bond
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What Does a Mortgage Broker Business Bond Protect Against?
The bond ensures that the principal and its mortgage brokers, employees, and loan originators honor all provisions of The Mortgage Broker Practices Act of the State of Washington and all rules established by the Director of the Department of Financial Institutions of the State of Washington. The bond will reimburse up to the full penal sum of the bond all persons who suffer loss by reason of a violation of said Act or rules adopted thereunder.