This surety bond in the amount of $50,000, the is required by the State of Georgia Department of Banking and Finance to ensure compliance with the Official Code of Georgia Section 7-1-1003.2. The Georgia Residential Mortgage Act defines a mortgage broker as: “Any person who directly or indirectly solicits, processes, places, or negotiates mortgage loans for others, or offers to solicit, process, place, or negotiate mortgage loans for others or who closes mortgage loans which may be in the mortgage broker’s own name with funds provided by others and which loans are assigned within 24 hours of the funding of the loans to the mortgage lenders providing the funding of such loans.” Surety1 is licensed in all fifty states to efficiently handle all of your bond needs.
To Acquire a Georgia Mortgage Broker 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