Connecticut Mortgage Servicer Bond: A Comprehensive Guide This guide provides information for insurance agents to help mortgage servicers obtain Connecticut Mortgage Servicer Bonds At a Glance: Lowest Cost: 0.75% of the bond amount per year based on the servicer’s credit Bond Amount: Business license bond: $100,000 per branch location Fidelity bond: Based on the amount …
Booming Real Estate Market Spells Opportunity for Insurance Agents April 7, 2021 The COVID-19 pandemic and resulting shutdowns caused the US economy to shrink by 3.5% in 2020. Many industries were hit hard, and are still attempting to bounce back from last year’s losses. That said, one industry in particular was not only able to …
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Connecticut Mortgage Lender Bond: A Comprehensive Guide This guide provides information for insurance agents to help mortgage lenders obtain Connecticut Mortgage Lender Bonds At a Glance: Lowest Cost: $750 per year or $75 per month, based on the lender’s credit Bond Amount: Between $100,000 to $500,000 (more on this later) Who Needs it: All mortgage …
Connecticut Mortgage Correspondent Lender Bond: A Comprehensive Guide This guide provides information for insurance agents to help mortgage correspondent lenders obtain Connecticut Mortgage Correspondent Lender Bonds At a Glance: Average Cost: $750 per year or $75 per month, based on the lender’s credit Bond Amount: Between $100,000 to $500,000 (more on this later) Who Needs …
Connecticut Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help money transmitters obtain Connecticut Money Transmitter Bonds At a Glance: Lowest Cost: 1.5% of the bond amount per year based on the money transmitter’s credit Bond Amount: Between $300,000 to $1 million (more on this later) Who Needs it: All …
Connecticut Debt Adjuster Bond: A Comprehensive Guide This guide provides information for insurance agents to help debt adjusters obtain Connecticut Debt Adjuster Bonds At a Glance: Lowest Cost: 2% of the bond amount per year based on the debt adjuster’s credit Bond Amount: Determined on a case by case basis (more on this later) Who …
Connecticut Debt Negotiator Bond: A Comprehensive Guide This guide provides information for insurance agents to help debt negotiators obtain Connecticut Debt Negotiator Bonds At a Glance: Lowest Cost: $1,000 per year or $100 per month, based on the debt negotiator’s credit Bond Amount: $50,000 Who Needs It: All debt negotiators seeking to obtain a license …
Connecticut Consumer Collection Agency Bond: A Comprehensive Guide This guide provides information for insurance agents to help consumer collection agencies obtain Connecticut Consumer Collection Agency Bonds At a Glance: Lowest Cost: $375 per year or $38 per month, based on the bond applicant’s credit Bond Amount: $50,000 Who Needs It: All consumer collection agencies seeking to …
Colorado Mortgage Loan Originator Bond: A Comprehensive Guide This guide provides information for insurance agents to help mortgage loan originators obtain Colorado Mortgage Loan Originator Bonds At a Glance: Lowest Cost: 0.75% of the bond amount per year based on the mortgage loan originator’s credit Bond Amount: $25,000 for individual license applicants $100,000 for group …
Colorado Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help money transmitters obtain Colorado Money Transmitter Bonds At a Glance: Lowest Cost: 1.5% of the bond amount per year based on the money transmitter’s credit Bond Amount: Anywhere between $250,000 to $2 million (more on this topic later) Who …
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