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Bond selected
New Jersey Mortgage Banker
Amount
$150,000.00
Obligee
Commissioner Of Banking & Insurance Of The State On Nj
Minimum premium
$1,500.00
Description
A New Jersey Mortgage Broker Bond is a type of surety bond required by the State of New Jersey Department of Banking and Insurance. The bond ensures that the mortgage broker will comply with all applicable rules, regulations, and laws. The bond amount is set at $150,000 and must be kept in effect as long as the mortgage broker is operating in the state of New Jersey.