Nevada Mortgage Company Bond
Nevada Mortgage Brokers require a bond amount ranging from $50,000 to $75,000. This bond guarantees that mortgage brokers operating within the state will adhere to regulations and fulfill their obligations to clients and authorities. The Nevada Division of Mortgage Lending mandates the surety bond.
The NNA has secured a $300 flat rate for bond amounts of $50,000 and a $450 flat rate for bond amounts of $75,000 for Nevada mortgage companies. No credit check or financials needed up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.
Bond Amount | Cost (Annual Premium) |
---|---|
$50,000 | $300 |
$75,000 | $450 |