This surety bond is required by the State of Louisiana, Office of Financial Institutions, under LA R.S. 6:1088. The bond protects anyone who suffers a damage or loss as a result of the residential mortgage loans breach of contract or any obligation arising therefrom, or any violation. The required bond amount is either $25,000 or $50,000. In most cases, the premium on this bond is as little as $188 for the $25,000 bond and $375 for as the $50,000 bond.
To Obtain a Louisiana Mortgage Originator 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.