Arkansas - Combination Mortgage Banker/Broker/Servicer

Bond Details

Arkansas Combination Mortgage Banker/Broker/Servicer – $100,000 bond – $600 per year

Overview

Mortgage Banker Bond

Mortgage bankers in Arkansas are required to post a $100,000 to $200,000 surety bond as a condition of licensure. NNA Surety has secured $600 to $1,200 flat rates for all Arkansas mortgage bankers to obtain this bond without a credit check. This bond meets the licensing requirements for Arkansas mortgage bankers and lasts for one year. Each mortgage broker must file for renewal between November 1 and December 31 of the calendar year.

Mortgage Broker Bond

Mortgage brokers in Arkansas are required to post a bond with a liability amount of $100,000, $150,000, or $200,000 as a condition of licensure. NNA Surety has secured fixed premium rates of $6 per $1,000 in liability $1,200 flat rates for all Arkansas mortgage brokers without a credit check or review of financials (up to $1M in aggregate liability). This bond meets the licensing requirements for Arkansas mortgage brokers and lasts for one year. Each mortgage broker must file for renewal between November 1 and December 31 of the calendar year.

Mortgage Servicer Bond

Mortgage servicers in Arkansas are required to post a $100,000 to $200,000 surety bond as a condition of licensure. NNA Surety has secured $600 to $1,200 flat rates for all Arkansas mortgage servicers to obtain this bond without a credit check. This bond meets the licensing requirements for Arkansas mortgage brokers and lasts for one year. Each mortgage broker must file for renewal between November 1 and December 31 of the calendar year.