North Dakota Residential Money Broker Bond
North Dakota residential mortgage lenders are required by the New Residential Mortgage Lender License and Branch Registration to obtain a surety bond of $50,000 as part of their licensing process. This bond amount serves as a financial safeguard for consumers in case the lender engages in fraudulent, unethical, or non-compliant activities. The bond is designed to provide compensation to affected parties if the licensee's actions cause financial harm. The NNA has secured a $300 flat rate for residential mortgage brokers and lenders in North Dakota.
The Simple Bonding Process
Request a free quote or view your price
Take the first step by requesting a free quote or viewing the price to discover unbeatable value.
Sign your contract and pay the premium.
Buy right now or easily get a quote for your surety bond.
Receive your surety or fidelity bond.
It's just that easy!
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