Louisiana Mortgage Broker Bond

Louisiana Mortgage Broker Bond

Louisiana Mortgage Broker Bond


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What is an Louisiana Mortgage Broker Bond? 

Louisiana Mortgage Broker Bonds are required by Louisiana's State Treasury to obtain your Mortgage Broker license. The Louisiana Mortgage Broker Bond amount is set at $25,000. This License is required of any natural person who is an employee of a mortgage broker, mortgage lender, who is not acting as a mortgage broker or as a mortgage lender, who interviews the consumer in connection with the consumer's application for a residential mortgage loan.


The State requires a Mortgage Broker bond for :  


With loans up to $100,000,000, a minimum surety bond of $25,000 is required and any amount after requires a $50,000 surety bond. 

 

Different parts of a bond:


 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.



Program:


You can buy your Louisiana Mortgage Broker Bond (Apply) online immediately


 Louisiana Mortgage Broker Bond Information and Requirements:


With loans up to $100,000,000, a minimum surety bond of $25,000 is required and any amount after requires a $50,000 surety bond. 


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