Corporate surety bond
Mortgage companies (including mortgage brokers) and mortgage loan originators (who must be named as principals on the bond). Required when: As a condition to doing business in the State of Nevada and obtaining a mortgage company license. Exemptions: Depository institutions (banks, savings and loan associations, credit…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "$50,000 for an annual loan production of $20,000,000 or less; $75,000 for an a…. Other available requirements: "$50,000 for an annual loan production of $20,000,000 or less; $75,000 for an annual loan production of more than $20,000,000.". Exact options still depend on the obligee, state, and underwriting.
