Pennsylvania Mortgage Broker Bond - Advanced Fees
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
|
$100,000 |
1 Year | $600 |
Pennsylvania mortgage brokers that accept advance fees must maintain a surety bond as part of state licensing requirements. Required by the Commonwealth of Pennsylvania, the Pennsylvania mortgage broker bond for advance fees helps ensure compliance with applicable requirements and provides financial protection for covered advance fee claims.
Cost of the Pennsylvania Mortgage Broker Bond - Advanced Fees
The cost of the $100,000 Pennsylvania mortgage broker bond for advance fees is $600 per bond term with NNA Surety. Secure this surety bond today.
How the Pennsylvania Mortgage Broker Bond - Advanced Fees Works
The Pennsylvania mortgage broker bond for advance fees protects consumers by holding licensed mortgage brokers financially accountable for covered obligations involving advance fees.
The bond involves three parties:
- Principal: Mortgage broker
- Obligee: Commonwealth of Pennsylvania
- Surety: Bonding company
A claim against the bond may be filed when a mortgage broker fails to carry out covered provisions for which advance fees were paid. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Pennsylvania Mortgage Broker Bond - Advanced Fees
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $600 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Pennsylvania mortgage broker license.
Learn more about your Pennsylvania surety bond options across the state.
Get Your Pennsylvania Mortgage Broker Bond - Advanced Fees
Stay compliant with Pennsylvania licensing requirements by securing your mortgage broker bond for advance fees today. Complete this form or call 855-457-2196 to get bonded.