North Carolina Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain North Carolina Money Transmitter Bonds At a Glance: Lowest Cost: $1,500 per year or $150 per month based on the applicant’s credit Bond Amount: $150,000 for initial license applicants (more on this later) Who Needs …
Why Do Surety Companies Examine Credit? July 14, 2021 Surety bonds have a unique set of underwriting requirements not present in other lines of insurance, and arguably the most important aspect of surety underwriting is examining the principal’s (your customer’s) credit history. Surety bonds are a niche product, and chances are your agency specializes in …
North Carolina Credit Repair Services Bond: A Comprehensive Guide This guide provides information for insurance agents to their customers obtain North Carolina Credit Repair Services Bonds At a Glance: Lowest Cost: $100 per year or $10 per month based on the applicant’s credit Bond Amount: $10,000 Who Needs it: All credit repair services organizations operating …
North Carolina Collection Agency Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain North Carolina Collection Agency Bonds At a Glance: Lowest Cost: $100 per year or $10 per month based on the applicant’s credit Bond Amount: $10,000 for domestic collection agencies $10,000 for foreign collection agencies $20,000 …
Montana Mortgage Broker Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Montana Mortgage Broker Bonds At a Glance: Lowest Cost: $125 per year or $13 per month based on the applicant’s credit Bond Amount: Based on the mortgage broker’s annual loan production: Table 1.1 Annual Unpaid Principal …
Montana Mortgage Lender Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Montana Mortgage Lender Bonds At a Glance: Lowest Cost: $125 per year or $13 per month based on the applicant’s credit Bond Amount: Based on the mortgage lender’s annual loan production: Table 1.1 Annual Unpaid Principal …
Montana Mortgage Servicer Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Montana Mortgage Servicer Bonds At a Glance: Lowest Cost: $375 per year or $38 per month based on the applicant’s credit Bond Amount: Based on the mortgage servicers annual unpaid principal balance: Table 1.1 Annual Unpaid …
Montana Independent Contractor Entity Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Montana Independent Contractor Entity Bonds At a Glance: Lowest Cost: $125 per year or $13 per month based on the applicant’s credit Bond Amount: Based on the independent contractor’s annual loan production: Table 1.1 Annual …
Supply Bonds: A Comprehensive Guide For Insurance Agents This guide provides information for insurance agents to help their customers obtain Supply Bonds What is a Supply Bond? Supply bonds are surety bonds that material vendors must purchase when providing materials to builders for a construction project. Supply bonds are a type of contract bond that …
Montana Deferred Deposit Loan Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Montana Deferred Deposit Loan Bonds At a Glance: Lowest Cost: $100 per year or $10 per month based on the applicant’s credit Bond Amount: $10,000 per location where deferred deposit loan transactions are conducted with …
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