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Call us at 888.610.4474 info@hasslefreesuretybonds.com

Loan broker bond cost

Loan brokers in North Carolina must post a surety bond in the amount of $10,000. Give us a call at 888.610.4474 or submit a bond request to begin our fast and easy bonding process.

Why this bond

By posting a North Carolina loan broker surety bond, principals (loan brokers) pledge to comply with the provisions of the North Carolina Loan Broker Disclosure Act. Prohibited business practices under this bond include, but are not limited to:

  • Using any untrue or misleading statements in connection with a loan brokerage contract
  • failing to comply with the requirements of the Article
  • Failing to comply with the terms of the contract or any obligation arising from it
  • Failing to make diligent effort to grant a loan to the prospective borrower
  • Collecting any advance fees or other valuable consideration from a borrower prior to the closing of the loan
  • and more

Loan broker bond details

Loan broker bonds in North Carolina remain in full force and effect until canceled or violated. The surety can cancel the bond by giving written notice of cancellation to the principal and the Secretary of State. Cancellation becomes effective 30 days after the surety provides the notice.

Become a loan broker

There are several types of loan-related licenses available to professionals in North Carolina. Companies can be licensed as:

  • Mortgage brokers
  • Mortgage lenders
  • Mortgage servicers

Individuals can be licensed as:

  • Exclusive mortgage brokers
  • Mortgage loan originators
  • Transitional mortgage loan originators

Branch licenses are also available.

Apply for your surety bond

Get a FREE Loan Broker Bond Quote Today! Click here to begin

 

Additional information