South Carolina Mortgage Lender/Servicer Bond
In South Carolina, mortgage lenders and servicers are required by the Department of Consumer Affairs to obtain a Mortgage Lender and Servicer Bond as part of the licensing process. The bond varies in liability amount between $50,000 and $150,000 depending on the closed mortgages from the preceding calendar year. This bond is designed to offer financial protection to clients and the state in the event either are harmed financially by the actions of the licensee. The NNA has secured a $300 to $900 flat rate for all South Carolina Mortgage Lenders and Servicers without a credit check.
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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