North Carolina Reverse Mortgage Lender Bond
Mortgage lenders authorized by the North Carolina Commission of Banks (NCCOB) must add reverse mortgages as a business activity to engage in reverse lending. The NCCOB requires lenders to post a $100,000 surety bond to make these reverse mortgage loans, and the cost of the bond is $600 for a one-year term.
The Simple Bonding Process
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Take the first step by requesting a free quote or viewing the price to discover unbeatable value.
Sign your contract and pay the premium.
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Receive your surety or fidelity bond.
It's just that easy!
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