Mississippi Mortgage Broker Bond
The State of Mississippi, Commission of the Department of Banking and Consumer Finance require a MS Mortgage Lender Bond. As of 2011, the Mississippi Mortgage Lender Bond needs to be for $150,000. This bond is underwritten by the surety company very carefully, so excellent credit and strong financials are required to obtain the bond.
The Mortgage Lender Bond is required for any company, individual or sole proprietor who directly or indirectly or by electronic activity originates, makes, funds or purchases or offers to originate, make, or fund or purchase a residential mortgage loan or who services MS mortgage loans.
Mississippi Mortgage Lender Surety Bond
A surety company authorized to do business in the State of Mississippi must execute the prescribed MS Mortgage Lender Bond form. The name on the bond must exactly match the full legal name of the licensee and all doing business as (dba) names.
If you would like more information, please call us at (800) 863-3210.