Pennsylvania Mortgage Originator Bond (Individual)

Bond Details

• PA Mortgage Originator Bond (Individual) – $25,000 bond – $150 per year
• PA Mortgage Originator Bond (Individual) – $50,000 bond – $300 per year
• PA Mortgage Originator Bond (Individual) – $75,000 bond – $450 per year
• PA Mortgage Originator Bond (Individual) – $100,000 bond – $600 per year
• PA Mortgage Originator Bond (Individual) – $150,000 bond – $900 per year

Overview

Pennsylvania mortgage brokers are required to obtain a bond for $50,000 to $150,000 by the Pennsylvania Department of Banking and Securities. Mortgage brokers need good credit and financial standing to qualify for the bond, which is issued for one year and requires renewal.

The NNA has secured a $6 premium rate per $1,000 in liability for all Pennsylvania mortgage originators without a credit check.