financial services bond

Minnesota Accelerated Mortgage Payment Provider Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Minnesota Accelerated Mortgage Payment Provider Bonds At a Glance: Lowest Cost: $750 per year or $75 per month based on the applicant’s credit Bond Amount: $100,000 Who Needs it: All accelerated mortgage payment providers operating …

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Minnesota Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Minnesota Money Transmitter Bonds At a Glance: Lowest Cost: $750 per year or $75 per month based on the applicant’s credit Bond Amount: Based on the number of business locations: $25,000 for 1 to 3 business …

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Minnesota Residential PACE Administrator Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Minnesota Residential PACE Administrator Bonds At a Glance: Lowest Cost: $750 per year or $75 per month based on the applicant’s credit Bond Amount: Based on the yearly dollar amount of residential PACE loans administered: …

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Minnesota Electronic Financial Terminal Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Minnesota Electronic Financial Terminal Bonds At a Glance: Lowest Cost: $375 per year or $38 per month based on the applicant’s credit Bond Amount: $5,000 per Electronic Financial Terminal (aka ATMs) Who Needs it: All …

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Minnesota Credit Services Organization Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Minnesota Credit Services Organization Bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $10,000 Who Needs it: All credit services organizations operating in Minnesota Purpose: To ensure the public …

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Minnesota Debt Settlement Services Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Minnesota Debt Settlement Services Bonds At a Glance: Lowest Cost: $100 per year or $10 per month, based on the applicant’s credit Bond Amount: At least $5,000 (more on this later) Who Needs it: All …

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Minnesota Debt Management Services Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Minnesota Debt Management Services Bonds At a Glance: Lowest Cost: $100 per year or $10 per month based on the applicant’s credit Bond Amount: At least $5,000 (more on this later) Who Needs it: All …

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Minnesota Collection Agency Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Minnesota Collection Agency Bonds At a Glance: Lowest Cost: $375 per year or $38 per month based on the applicant’s credit Bond Amount: Between $50,000 to $100,000 (more on this later) Who Needs it: All collection …

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Michigan Mortgage License Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Michigan Mortgage Bonds At a Glance: Lowest Cost: 0.75% of the bond amount per year based on the applicant’s credit Bond Amount: Based on the type of mortgage license/registration being applied for Table 1.1 License/Registration Type …

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Michigan Mortgage Loan Originator Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Michigan Mortgage Loan Originator Bond At a Glance: Lowest Cost: 0.75% of the bond amount per year based on the applicant’s credit Bond Amount: Based on the yearly dollar amount of mortgage loans originated Table …

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