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Bond selected
Pennsylvania Pa Mortgage Broker
Amount
$50,000.00
Obligee
State Of Pennsylvania Department Of Banking
Minimum premium
$500.00
Description
A Pennsylvania Mortgage Broker Bond is a type of surety bond required by the Pennsylvania Department of Banking and Securities in order to obtain a Mortgage Broker license. The bond is required to protect borrowers from any fraudulent or dishonest practices of the mortgage brokers. The bond is in the amount of $50,000 and must remain in effect for as long as the Mortgage Broker is licensed in the state of Pennsylvania.