The North Carolina Mortgage Lender/Servicer Bond is required by the North Carolina Commissioner of Banks. The bond is required to be in the amount of $150,000. The bond states that the bond holder and it’s officers, employees and agents should operate under Article 19A of Chapter 53 of the North Carolina General Statutes, the Mortgage Lending Act (“MLA”). Due to the bond amount Surety1 will request business and personal financials in order to obtain the best quote for your bond.
In order to find out the cost of the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price!