Massachusetts Mortgage Broker Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $75,000 | 1 Year | $450 |
Mortgage brokers in Massachusetts are required to post a $75,000 surety bond as a condition of licensure. NNA Surety has secured a $450 flat rate for all Massachusetts mortgage brokers to obtain this bond without a credit check.
| Bond Amount Required | Annual Premium |
| $75,000 | $450 |
Mortgage brokers conducting residential mortgage brokerage business in Massachusetts must meet state licensing and bonding requirements. Required by the Commonwealth of Massachusetts, the Massachusetts mortgage broker bond helps ensure compliance with state mortgage brokerage requirements and provides financial protection for consumers.
Cost of the Massachusetts Mortgage Broker Bond
The cost of the $75,000 Massachusetts mortgage broker bond is $450 per bond term with NNA Surety. Secure this surety bond today.
How the Massachusetts Mortgage Broker Bond Works
The Massachusetts mortgage broker bond protects consumers by holding licensed mortgage brokers financially accountable for complying with applicable state mortgage brokerage requirements.
The bond involves three parties:
Principal: Mortgage broker
Obligee: Commonwealth of Massachusetts
Surety: Bonding company
A claim against the bond may be filed for covered violations of Massachusetts mortgage brokerage requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Massachusetts Mortgage Broker Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $450 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Massachusetts mortgage broker license.
Learn more about your Massachusetts surety bond options across the state.
Get Your Massachusetts Mortgage Broker Bond
Stay compliant with Massachusetts licensing requirements by securing your mortgage broker bond today. Complete this form or call 855-457-2196 to get bonded.