This surety bond is required by the State of Delaware, Office of the State Banking Commissioner under Section 2415, Title 5 of the Delaware Code. It functions as a form of protection for the office and any person injured by a wrongful act, default, fraud, or misrepresentation of a mortgage loan originator. The required bond amount varies as follows:
|Annual Volume of Delaware Mortgage Loans||Minimum Required Amount of Surety Bond|
|Not more than $11,000,000||$25,000|
|$83,000,001 and over||$200,000|
Surety1 is licensed nationwide to handle all your mortgage broker bond needs. To determine the cost of this bond, complete our easy online application.
To Obtain a Delaware Mortgage Loan Originator 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.