New Hampshire Mortgage Broker Bond
Mortgage brokers seeking licensure are required to secure a surety bond valued at $50,000 through the New Hampshire Banking Department. This surety bond provides financial protection for consumers who engage with the services of a mortgage broker.
The bond amount ensures that mortgage brokers adhere to state regulations and laws governing mortgage brokerage activities. It is crucial for mortgage brokers to uphold an active and valid bond throughout their licensing period to maintain ethical and compliant operations.
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.