Ohio Mortgage Broker Act Surety Bond

This surety bond applies to all mortgage brokers, and helps ensure proper, legal management of residential mortgage funds. The bond amount is set at half of a percent of the bondholder’s aggregate loan amount of residential mortgages loans created in the previous calendar year up to $150,000. The minimum required bond amount is set at $50,000, with an extra $10,000 for each additional broker location. The premium on this bond is generally as low as .75%.

To Acquire an Ohio Mortgage Broker Act Surety 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.