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North Dakota Residential Money Broker Bond

Bond Details

North Dakota Residential Money Broker Bond – $50,000 bond – $500 per year

Overview

The New Residential Mortgage Lender License and Branch Registration require North Dakota residential mortgage lenders to obtain a surety bond of $50,000 as part of their licensing process. This bond amount serves as a financial safeguard for consumers in case the lender engages in fraudulent, unethical, or non-compliant activities. The NNA has secured a $500 flat rate for residential mortgage brokers and lenders in North Dakota.