The Hawaii Mortgage Servicer Surety Bond is required by the State of Hawaii Department of Commerce and Consumer Affairs, Division of Financial Institutions.
Under Chapter 454M of the Hawaii Revised Statutes and Act 062, 2015 Session Laws of Hawaii, this bond ensures that all licensed mortgage servicers fully and faithfully comply with all codes and regulations. The Hawaii Mortgage Servicer Surety Bond protects the public from any damages caused by the wrongdoings or noncompliance of the Mortgage Servicer.
The Hawaii Mortgage Servicer Surety Bond must be in the amount of $100,000.
Bond Valid: Continuous – Renewable
Due to its continuous nature, the Hawaii Mortgage Servicer Surety Bond remains in full force and effect until cancelled. If the bond is cancelled, the obligee must be notified of the cancellation at least 30 days before the cancellation date.
Licensing Fees and Requirements:
- Surety Bond: The name of the principal insured on the bond must match exactly the full legal name of applicant, including all Hawaii approved Other Trade Names.
- Application through NMLS.
- HI Application Fee: $675
- Disclosure Questions
- Control Person (MU2) Attestation
- Certificate Good Standing Certificate
- Management and Organizational Chart
- List of Affiliations
- Method of Doing Business
- Sub-Servicers/Master-Servicers form
- Physical Location
- Cost and Fees Schedule
CLICK HERE for additional licensing information from the Hawaii Department of Commerce and Consumer Affairs.
All licensing fees are required by the obligee, not the surety company.
APPLY here for this bond and get a free quote.
How do I get a Hawaii Mortgage Servicer Surety Bond?
The process is easy. All you need to do is complete this easy to navigate, online application form and wait for one of our surety experts to call you with a quote. Simply make the payment and your surety bond will be sent to you via USPS Priority Mail or overnight delivery.
Surety1 can provide whatever bond you need. We have been issuing surety bonds since 2003 for all 50 states and we have also been rated A+ by the Better Business Bureau.