Pennsylvania Mortgage Servicer Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $500,000 | 1 Year | $3,000 |
Mortgage servicers conducting residential mortgage servicing business in Pennsylvania must meet state licensing and bonding requirements. Required by the Commonwealth of Pennsylvania, the Pennsylvania mortgage servicer bond helps ensure compliance with state mortgage servicing requirements and provides financial protection for covered violations.
Cost of the Pennsylvania Mortgage Servicer Bond
The cost of the $500,000 Pennsylvania mortgage servicer bond is $3,000 per bond term with NNA Surety. Secure this surety bond today.
How the Pennsylvania Mortgage Servicer Bond Works
The Pennsylvania mortgage servicer bond protects consumers by holding licensed mortgage servicers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage servicer
- Obligee: Commonwealth of Pennsylvania
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Pennsylvania mortgage servicing requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Pennsylvania Mortgage Servicer Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $3,000 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Pennsylvania mortgage servicer license.
Learn more about your Pennsylvania surety bond options across the state.
Get Your Pennsylvania Mortgage Servicer Bond
Keep your Pennsylvania licensing requirements on track by securing your mortgage servicer bond today. Complete this form or call 855-457-2196 to get bonded.