Hawaii Mortgage Broker License Bond

The Hawaii Mortgage Broker License Bond  is required by the Mortgage Brokers and Solicitors Program, Department of Commerce and Consumer Affairs. 

The Hawaii Mortgage Broker License Bond ensures that the principle will abide by all Hawaii state laws and regulations. Mortgage brokers must be at least 18 years of age and work under a licensed mortgage broker. This is a requirement of the obligee.

The minimum amount for a Hawaii Mortgage Broker License Bond is $15,000. 

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.

If you are looking instead for a Hawaii Mortgage Servicer Surety Bond, click here.

Licensing Fees and Requirements:

• Surety bond
• Criminal background check
• Copies of financial documents
• At least 2 years experience of financial transactions with first mortgages or subordinate mortgage financing
• $35 application fee paid to the DCA

All licensing fees are required by the obligee, not the surety company.

CLICK HERE for more information about Real Estate Licensing and Education from the Hawaii Department of Commerce and Consumer Affairs

APPLY for this bond and get a free quote here