Massachusetts Mortgage Loan Originator Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $25,000 | 1 Year | $150 |
The amount of the individual mortgage originator bond in Massachusetts is $25,000.
| Bond Amount Required | Annual Premium |
| $25,000 | $150 |
Mortgage loan originators in Massachusetts who require individual bond coverage must meet state surety bond requirements as part of licensing. Required by the Commonwealth of Massachusetts, the Massachusetts mortgage loan originator bond helps ensure compliance with state licensing requirements and provides financial protection for consumers.
Cost of the Massachusetts Mortgage Loan Originator Bond
The cost of the $25,000 Massachusetts mortgage loan originator bond is $150 per bond term with NNA Surety. Secure this surety bond today.
How the Massachusetts Mortgage Loan Originator Bond Works
The Massachusetts mortgage loan originator bond protects consumers by holding individually bonded mortgage loan originators financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage loan originator
- Obligee: Commonwealth of Massachusetts
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Massachusetts mortgage loan originator requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Massachusetts Mortgage Loan Originator Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $150 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Massachusetts mortgage loan originator license.
Learn more about your Massachusetts surety bond options across the state.
Get Your Massachusetts Mortgage Loan Originator Bond
Stay on track with Massachusetts licensing requirements by securing your mortgage loan originator bond today. Complete this form or call 855-457-2196 to get bonded.