Pennsylvania Mortgage Broker Bond - Advanced Fees

Mortgage Brokers in Pennsylvania who collect Advanced Fees are required to file a $100,000 surety bond annually.  

Bond Amount	Annual Premium
$100,000	$600

Overview

Mortgage licensees in the Commonwealth of Pennsylvania who collect advanced fees from consumers must register with the Commonwealth and post a $100,000 surety bond. The bond costs $600 for a one-year term.