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Arkansas Mortgage Broker Bond

Bond Details

  • Arkansas Mortgage Broker Bond – $100,000 bond – $600 per year
  • Arkansas Mortgage Broker Bond – $150,000 bond – $900 per year
  • Arkansas Mortgage Broker Bond – $200,000 bond – $1,200 per year

Overview

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. The NNA has secured $600 to $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.