Michigan Mortgage Broker Bond

State:
Michigan
Control #:
MI-FIS-2135
Format:
PDF
Instant download
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Description

Bond - Mortgage Loan Originator - Surety Bond Michigan Bond — Mortgage LoaOriginateto— - Surety Bond is a type of surety bond required for mortgage loan originators in the state of Michigan. This bond guarantees that the mortgage loan originator will abide by all applicable state and federal statutes, rules, and regulations governing the origination of residential mortgage loans. There are two types of Michigan Bond — Mortgage LoaOriginateto— - Surety Bond: an individual mortgage loan originator bond and a business mortgage loan originator bond. The individual mortgage loan originator bond is required for all individuals who originate mortgage loans in Michigan and must be in the amount of $25,000. The business mortgage loan originator bond is required for all entities that originate mortgage loans in Michigan and must be in the amount of $50,000.

Michigan Bond — Mortgage LoaOriginateto— - Surety Bond is a type of surety bond required for mortgage loan originators in the state of Michigan. This bond guarantees that the mortgage loan originator will abide by all applicable state and federal statutes, rules, and regulations governing the origination of residential mortgage loans. There are two types of Michigan Bond — Mortgage LoaOriginateto— - Surety Bond: an individual mortgage loan originator bond and a business mortgage loan originator bond. The individual mortgage loan originator bond is required for all individuals who originate mortgage loans in Michigan and must be in the amount of $25,000. The business mortgage loan originator bond is required for all entities that originate mortgage loans in Michigan and must be in the amount of $50,000.

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Michigan Mortgage Broker Bond