Maryland Debt Management Services Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maryland Debt Management Services Bonds *Important Note: Debt management Service Providers are required to purchase a fidelity bond in addition to the business license surety bond outlined in this page. Contact BondExchange for more information …
Maryland Debt Settlement Services Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maryland Debt Settlement Services Bonds At a Glance: Lowest Cost: $750 per year or $75 per month based on the applicant’s credit Bond Amount: $50,000 Who Needs it: All debt settlement services providers operating in …
Maryland Collection Agency Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maryland Collection Agency Bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $5,000 Who Needs it: All collection agencies operating in Maryland Purpose: To ensure the public will receive compensation …
Massachusetts Mortgage Loan Originator Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Massachusetts Mortgage Loan Originator Bonds At a Glance: Lowest Cost: $188 per year or $19 per month based on the applicant’s credit Bond Amount: $25,000 Who Needs it: All Massachusetts mortgage loan originators (MLO) who …
Massachusetts Mortgage Broker Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Massachusetts Mortgage Broker Bonds At a Glance: Lowest Cost: $563 per year or $57 per month based on the applicant’s credit Bond Amount: $75,000 Who Needs it: All mortgage brokers operating in Massachusetts Purpose: To ensure …
Massachusetts Mortgage Lender Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Massachusetts Mortgage Lender Bonds At a Glance: Lowest Cost: $750 per year or $75 per month based on the applicant’s credit Bond Amount: Between $100,000 to $500,000 (more on this later) Who Needs it: All mortgage …
Massachusetts Exempt Entity Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Massachusetts Exempt Entity 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 aggregate annual amount of residential mortgage loans closed Total Loand …
Massachusetts Seller of Checks Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Massachusetts Seller of Checks Bonds At a Glance: Lowest Cost: $1,500 per year or $150 per month based on the applicant’s credit Bond Amount: $100,000 Who Needs it: All check sellers operating in Massachusetts Purpose: To …
Massachusetts Foreign Transmittal Agency Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Massachusetts Foreign Transmittal Agency Bonds At a Glance: Lowest Cost: $750 per year to $75 per month Bond Amount: Minimum of $50,000 (more on this later) Who Needs it: All foreign transmittal agencies operating in Massachusetts …
Massachusetts Debt Collector Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Massachusetts Debt Collector Bonds At a Glance: Lowest Cost: $188 per year or $19 per month based on the applicant’s credit Bond Amount: $25,000 Who Needs it: All debt collectors operating in Massachusetts Purpose: To ensure …
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