New Jersey Residential Mortgage Broker Bond - Corporation
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Amount |
| $150,000 | 1 Year | $900 |
Businesses operating as residential mortgage brokers in New Jersey must meet state licensing and bonding requirements. Required by the State of New Jersey, the New Jersey residential mortgage broker bond helps ensure compliance with state mortgage brokerage requirements and provides financial protection for covered violations.
Cost of the New Jersey Residential Mortgage Broker Bond
The cost of the $150,000 New Jersey residential mortgage broker bond is $900 per bond term with NNA Surety. Secure this surety bond today.
Bond amounts in New Jersey range from $150,000-$300,000. The NNA has secured premiums of $6 per $1,000 in liability to obtain this bond without a credit check.
How the New Jersey Residential Mortgage Broker Bond Works
The New Jersey residential mortgage broker bond protects consumers by holding licensed residential mortgage brokers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Residential mortgage broker
- Obligee: State of New Jersey
- Surety: Bonding company
A claim against the bond may be filed for covered violations of New Jersey residential mortgage brokerage requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the New Jersey Residential Mortgage Broker Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $900 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your New Jersey residential mortgage broker license.
Learn more about your New Jersey surety bond options across the state.
Get Your New Jersey Residential Mortgage Broker Bond
Stay compliant with New Jersey licensing requirements by securing your residential mortgage broker bond today. Complete this form or call 855-457-2196 to get bonded.