For the month of May, Surety1’s bond of the month is mortgage industry bonds. All but a few states require mortgage broker bonds, some states have bond requirements for mortgage brokers, mortgage solicitors, mortgage servicers and mortgage bankers. Surety1 has compiled a comprehensive guide to the bond requirements of the mortgage industry by state. We also offer a single online application to obtain the required bonds in each. One application for all your mortgage bond needs.
February 13, 2018, Rancho Cordova, California – Surety Solutions Insurance Services, Inc. (surety1.com) issued a lost stock certificate bond valued at more than $7.4mm. We saved our client over $37,000 in premium from what the transfer agent’s bond facility would have charged. The bond is open penalty so the premium is based on the value of the stock at the time the transfer agent put the stop payment on the securities. While a relatively low risk bond, a bond of this size presents some challenges that Surety1 was able to overcome and provide a super competitive quote in a short period of time. Surety1 is the premier provider of surety bonds since 2003.
The Alabama Warehouseman’s Surety Bond will be expiring on July 31st. Surety1 can help you shop for a better price on your bond, as well as get it renewed on time every year.
The Ohio Auctioneer Surety Bond expires every year on June 30th. Are you working with a professional bond agency and getting the best price? Surety1 can write this bond for $125 per year and keep your bond up to date before every annual expiration.
Surety1 and its partner, HCC surety recently provided a CA Defective Title bond, required when a car title has been lost with a bond penalty of $1,000,000. Usually, a lost car title bond penalty is $25,000 or less. The bonds are required when a title has been lost or cannot be located. This usually happens with older cars with a low value. This was a rare car, imported from Germany without a proper title. Surety1 and HCC were able to underwrite the risk and provide the bond. We had a very happy customer as a result.
The NMLS Resource Center is the official gateway into the Nationwide Multistate Licensing System & Registry (NMLS) and provides users with tools, tips, news and updates.
