The State of Oregon Department of Consumer and Business Services requires a surety bond to receive a license as a mortgage broker or mortgage banker. The bond ensures that the bond holder, or principal, will follow all laws related to their business–namely, ORS 59.840 through 59.980. Also, if the principal fails to comply with these laws, the bond ensures that they will pay all damages suffered by any person due to violation of the statute.
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!