Funds or credits in payment for a mortgage loan or
The taxes or insurance associated with a mortgage loan
In order to become a licensed mortgage servicer in the State of Arkansas all applicants must submit an Arkansas Mortgage Servicer 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 Servicer 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.
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 Servicer 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