Arkansas Mortgage Servicer Bond

Bond Details

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

Overview

Mortgage servicers in Arkansas are required to post a $100,000 to $200,000 surety bond as a condition of licensure. The NNA 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.