Pennsylvania Partially Exempt Mortgage Company Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Pennsylvania Partially Exempt Mortgage Company 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 amount of mortgage loans originated Table …
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Pennsylvania Mortgage Consumer Discount Company Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Mortgage Consumer Discount 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 amount of mortgage loans originated Table 1.1 Mortgage …
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Pennsylvania Debt Settlement Company Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Debt Settlement Company Bonds At a Glance: Lowest Cost: $375 per year or $38 per month based on the applicant’s credit Bond Amount: $25,000 Who Needs it: All debt settlement companies operating in Pennsylvania Purpose: …
Pennsylvania Mortgage Servicer Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Mortgage Servicer Bonds Mortgage servicers are required to purchase both a fidelity bond and a separate business license bond. This guide focuses solely on the business license bond. For assistance obtaining a fidelity bond, contact …
Pennsylvania Mortgage Lender Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Mortgage Lender Bonds Mortgage lenders are required to purchase both a $300,000 fidelity bond and a separate business license bond. This guide focuses solely on the business license bond. For assistance obtaining a fidelity bond, …
Pennsylvania Mortgage Broker Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Mortgage Broker 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 amount of mortgage loans originated Table 1.1 Mortgage Loans Originated …
Pennsylvania Mortgage Loan Correspondent Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Mortgage Loan Correspondent 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 amount of mortgage loans originated Table 1.1 Mortgage …
Pennsylvania Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Money Transmitter Bonds At a Glance: Lowest Cost: $15,000 per year or $1,500 per month based on the applicant’s credit Bond Amount: $1 million Who Needs it: All money transmitters operating in Pennsylvania Purpose: To ensure …
Pennsylvania Consumer Discount Company Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Consumer Discount Company Bonds At a Glance: Lowest Cost: $100 per year or $10 per month based on the applicant’s credit Bond Amount: $5,000 Who Needs it: All consumer discount companies operating in Pennsylvania Purpose: …
Pennsylvania Debt Management Company Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Pennsylvania Debt Management Company Bonds At a Glance: Lowest Cost: 1.5% of the bond amount per year based on the applicant’s credit Bond Amount: Based on the amount of consumer funds held (more on this later) …
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