This bond ensures that the bondholder, or principal, will follow all laws related to their business–namely, Oregon Revised Statutes 59.840 through 59.980. Also, if the principal fails to comply with these laws, the bond ensures that they will pay all damages suffered by any person due to violation of the statute. The State of Oregon Department of Consumer and Business Services require a surety bond to receive a license as a mortgage broker or mortgage banker. The required bond amount varies. To determine the cost of this bond, complete our easy online application.
To Acquire an Oregon Mortgage Lender 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.