This bond is in accordance with Alaska Statute Section 06.60. The State of Alaska Department of Commerce, Community, and Economic Development, Division of Banking and Securities requires a $75,000 bond to protect customers against dishonest lending practices. This includes knowingly approving the borrower for a loan in an amount more than they can afford to repay, as well as charging additional or unnecessary fees. Surety1 can usually write this bond for as low as $563 with a credit report and completed application.
To Obtain an Alaska 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.