Michigan 2nd Mortgage Broker Bond
Mortgage brokers who help clients secure second mortgage loans, or act as agents for those offering such loans, are required to get a surety bond. Required by Michigan’s Department of Insurance and Financial Services (DIFS), the second mortgage broker bond serves as a financial guarantee the broker will operate according to state laws and regulations.
Cost of a Michigan 2nd Mortgage Broker Bond
Bond Amount Required | Annual Premium |
$25,000 | $150 |
Get Your Michigan Second Mortgage Broker Bond
NNA Surety makes the bonding process simple with no credit check or review of financial statements. Complete our form, provide your business and personal information, and submit payment. Your Michigan broker bond will be issued instantly. For more information, call 855-575-1063 or send us an email.