Pennsylvania Sponsor of Mortgage Originators Bond

Bond Details

• PA Sponsor of Mortgage Originators Bond – $50,000 bond – $300 per year
• PA Sponsor of Mortgage Originators Bond – $75,000 bond – $450 per year
• PA Sponsor of Mortgage Originators Bond – $100,000 bond – $600 per year
• PA Sponsor of Mortgage Originators Bond – $150,000 bond – $900 per year
• PA Sponsor of Mortgage Originators Bond – $200,000 bond – $1,200 per year
• PA Sponsor of Mortgage Originators Bond – $300,000 bond – $1,800 per year
• PA Sponsor of Mortgage Originators Bond – $500,000 bond – $3,000 per year

Overview

Pennsylvania mortgage brokers are required to maintain a surety bond for $50,000 to $500,000 by the Pennsylvania Department of Banking and Securities. This bond is issued for one year and requires renewal. The NNA has secured a rate of $6 per $1,000 in liability for all Pennsylvania mortgage brokers without a credit check.

This bond is a financial safeguard, protecting clients and the state from any financial harm caused by the mortgage licensee.