Under Section 5-25-1 of the Code of Alabama, the State of Alabama Banking Department requires this bond to help protect the public against fraud, misrepresentation, and wrongful withholding of money deposits. The required bond amount varies and expires December 31st each year. The premium on this bond is typically as low as .75% with the submission of a completed application.
To Attain an Alabama Mortgage Broker Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.