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New Jersey Mortgage Lender Bond
Bond Requirements and Online Application
The New Jersey Mortgage Lender Bond is required by the New Jersey Commissioner of Banking and Insurance.
A New Jersey Mortgage Lender Bond may be used for both Residential Mortgage Lender license applications and Mortgage Broker license applications. The bond ensures that the bond holder will faithfully comply with and abide by the provisions of N.J.S.A. 17:11C-51 and all rules and regulations of the New Jersey Licensed Lenders Act.
The required bond amount is $150,000.
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.
Licensing Fees and Requirements:
Net worth of at least $50,000
$700 initial application fee
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 New Jersey Mortgage Lender 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