Arizona Mortgage Loan Originator Bond
Mortgage broker or lender companies have the option to purchase a $200,000 surety bond in lieu of each individual loan originator being invoiced $1,200/year along with their initial or renewal application.
| Bond Amount Required | Annual Premium |
| $200,000 | $1,200 |
Overview
To obtain your Arizona mortgage loan originator bond, applicants must be residents of the state. Arizona's Department of Financial Institutions is the governing body that oversees the licenses and regulations in the state. Mortgage loan originators must maintain a $200,000 bond. No credit check or financials are needed up to $1M in aggregate bonds.