New York Mortgage Loan Servicers Bond

This surety bond is required by the Superintendent of Banks of the State of New York in accordance with Article 12-E of the State of New York Banking Law. The bond is in place for the for the reimbursement of consumer fees and undisbursed consumer payments or other charges determined by the Superintendent to be improperly charged or collected, and to pay past due Department of Financial Services examination costs and assessments charged to the bondholder. The required bond amount varies. Generally, the premium on this bond is as little as $100.

To Obtain a New York Mortgage Loan Servicers Bond: 

  1. Complete an online application.
  2. One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
  3. 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.