The Georgia Mortgage Lender Surety Bond is required by the State of Georgia Department of Banking and Finance for any entity wishing to obtain a Georgia Mortgage Broker License.
In order to obtain a Mortgage Lender License, the following requirements must be submitted through the online Nationwide Multi-state Licensing System:
More information about the specific licensing requirements and processes can be found on the Georgia Dept. of Banking and Finance website, or via NMLS.
Please note these requirements will vary slightly for Georgia Mortgage Broker Licenses. Visit our Georgia Mortgage Broker Bond page for more information!
Under Title 7, Chapter 1 of the Georgia State Code, the Georgia Lender Broker Surety Bond ensures the compliance of the licensee with the Georgia Residential Mortgage Act and protects the public from any damages caused by noncompliance.
The Georgia Mortgage Lender Surety Bond is required in the amount of $250,000
The price for the bond, also known as the bond premium, is only a small fraction of the bond amount. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.
Since the Georgia Mortgage Lender Surety Bond is required to be continuous in nature, it must be maintained at all times as a condition of licensure.
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your completed Georgia Mortgage Lender Surety Bond to you via USPS Priority Mail (with overnight shipping options also available).
Why choose Surety1?
At Surety Solutions Insurance Services, Inc. (Surety1), our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.