Pennsylvania Mortgage Broker Surety Bond

This surety bond is required under 7 Pa. C.S. Chapter 61 Act of July 8, 2008 (p.L. 796, No. 56). This bond is required by the Pennsylvania Department of Banking to protect customers against dishonest lending practices, including:
• Knowingly approving the borrower for a loan for more than they can afford to repay
• Encouraging the buyer to use fraud during the application process
• Pressuring buyers into specific loan products, including high-risk loans or loans with higher interest rates
• Establishing an interest rate on the basis of anything other than the borrower’s credit history
• Charging additional or unnecessary fees
• Deliberately targeting at-risk buyers and suggesting cash-out refinance
The required bond amount is $100,000. To determine the cost of this bond, complete our easy online application.

To Attain a Pennsylvania Mortgage Broker 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.