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Arkansas Mortgage Bankers Surety Bond
Bond Requirements and Online Application
The Arkansas Mortgage Bankers Surety Bond is required by State of Arkansas Securities Department.
According to the Arkansas Fair Mortgage Lending Act (Arkansas Code 23-39-5) a “mortgage banker” is defined as a person who engages in the business of making mortgage loans for compensation or other gain. In order to become a licensed mortgage banker in the State of Arkansas all applicants must submit an Arkansas Mortgage Banker Surety Bond with the Securities Commissioner. The bond ensures that the Principal will comply with the provisions of the Fair Mortgage Lending Act. The bond also guarantees financial compensation for any person injured by wrongdoing of the Principal.
The Arkansas Mortgage Bankers Surety Bond is in full force and effect during the period of licensure; however, the bond may be cancelled at any time by the Surety with 60 days written notice to the Securities Commissioner.
Licensing Fees and Requirements:
Secretary of State Documentation
Certificate of Authority
Other Trade Names
All licensing fees are required by the obligee, not the surety company.
How to Get Your Arkansas Mortgage Bankers Surety Bond
1. Complete an online application. It's free and no-obligation.2. One of our surety experts will contact you with a firm quote and an agreement to sign.3. Provide payment and your signed agreement, and then you will receive your Arkansas Mortgage Bankers Surety Bond!If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply OnlineUsing our Free & Secure Application2. Get Your Free QuoteApplications are No-Obligation3. Get Your BondMost Bonds are Approved in 1-2 Business Days