Georgia Mortgage Broker Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $150,000 | 1 Year | $900 |
Mortgage brokers in Georgia that solicit, process, place or negotiate mortgage loans for others generally must be licensed under the Georgia Residential Mortgage Act. Required by the State of Georgia, the mortgage broker bond guarantees compliance with the Georgia Residential Mortgage Act and provides financial protection for people damaged by a licensee’s noncompliance with applicable requirements.
Cost of the Georgia Mortgage Broker Bond
The cost of the $150,000 Georgia Mortgage Broker Bond is $900 per bond term with NNA Surety. Secure this surety bond today.
How the Georgia Mortgage Broker Bond Works
The Georgia mortgage broker bond holds licensed mortgage brokers financially accountable for conducting their businesses in compliance with the Georgia Residential Mortgage Act and applicable laws. The bond provides a financial remedy for covered damages resulting from a licensee’s noncompliance.
The bond involves three parties:
- Principal: Mortgage broker
- Obligee: State of Georgia
- Surety: Bonding company
A claim against the bond may be filed when the principal fails to comply with covered requirements of the Georgia Residential Mortgage Act or the conditions of the bond. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the Georgia Mortgage Broker Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $900 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your license.
Learn more about your Georgia surety bond options across the state.
Apply for Your Georgia Mortgage Broker Bond Today
Stay compliant with Georgia mortgage broker licensing requirements by securing your bond today. Complete this form to get bonded. For more information, call 855-457-2196 to speak to our team.