This surety bond is required by the State of West Virginia Division of Financial Institutions under the provisions of Chapter 31, Article 17 of the Code of West Virginia. This bond is used to help protect consumers seeking mortgage loans and to ensure that the mortgage lending industry is operating without unfair, deceptive, or fraudulent practices on the part of mortgage loan originators. The required bond amount varies. Typically, the premium on this bond is as low as 1%.
To Secure a West Virginia Mortgage Broker / Loan 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.