A Hawaii mortgage broker bond is a type of surety bond that is required for mortgage brokers operating in the state of Hawaii. The bond provides a financial guarantee to the state and consumers that the mortgage broker will operate in compliance with state laws and regulations. In the event of any violation or misconduct by the mortgage broker, the bond ensures compensation for affected parties. The bond amount required may vary depending on the broker's level of business activity and other factors.
Hawaii Mortgage Broker Bonds are required by Hawaii's Department of Commerce and Consumer Affairs to obtain your Mortgage Broker license. The Hawaii Mortgage Broker Bond amount is set at $100,000.
$100,000 as a base surety bond for all mortgage broker prices
There are 3 parts to a Mortgage broker surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Mortgage Broker Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
Try our 100% Secure Mortgage Broker Bond Online Application to get the Lowest Mortgage Broker bond rates in all 50 States.
You can buy your Hawaii Mortgage Broker Bond (Apply) online immediately
The Requirements for Hawaii say that you must get a $100,000 surety bond. You must also get a Certificate of Authority from the Secretary of State.