Arkansas Mortgage Servicer Bond
Mortgage services in the state of Arkansas are required to post a surety bond between $100,000 and $200,000, depending on the previous year's volume. New applicants must post a bond amount of $100,000.
| Aggregate Loan Amount | Bond Amount Required | Annual Premium |
| $0 - $10,000,000 | $100,000 | $600 |
| $10,000,001 - $25,000,000 | $150,000 | $900 |
| Over $25,000,000 | $200,000 | $1,200 |
Overview
Mortgage servicers in Arkansas are required to post a $100,000 to $200,000 surety bond as a condition of licensure. The NNA has secured $600 to $1,200 flat rates for all Arkansas mortgage servicers to obtain this bond without a credit check.
This bond meets the licensing requirements for Arkansas mortgage brokers and lasts for one year. Each mortgage broker must file for renewal between November 1 and December 31 of the calendar year.