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: …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Michigan Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Michigan Money Transmitter Bonds At a Glance: Lowest Cost: $7,500 per year or $750 per month based on the applicant’s credit Bond Amount: $500,000 plus $10,000 per additional office location to a maximum of $1.5 million …
Michigan Deferred Presentment Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Michigan Deferred Presentment Bonds At a Glance: Lowest Cost: $750 per year, based on the applicant’s credit Bond Amount: $50,000, if one individual owns a 20% or greater stake in multiple licensed businesses than only one …
Receive monthly content on bond updates, new features that can benefit your agency, educational materials, and much more!
