Georgia Mortgage Broker or Lender Bond
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How Much Do Georgia Mortgage Lender Bonds Cost?
Georgia mortgage lenders must purchase a $250,000 surety bond. You’ll only have to pay a small amount of the bond total — typically 0.8–2% — based on your credit score. Premium financing options are available.
Installment lender licensees in Georgia must purchase a $25,000 surety bond. Pricing starts at $100. However, your exact rate can range from 1–3% of the bond total based on credit score.
How Much Do Georgia Mortgage Loan Broker Bonds Cost?
Mortgage loan brokers in Georgia must purchase a $150,000 surety bond. Pricing starts at $1,125 for highly-qualified applicants. However, exact rates vary based on credit score. Ask about premium financing options if poor credit adversely affects your quote.
If you work as a mortgage professional in other states, we offer mortgage industry license bonds nationwide.
How Do Georgia Mortgage License Bonds Work?
A Georgia mortgage broker or lender bond binds three parties in a legal contract:
- Principal: The mortgage professional filing the bond
- Surety: The provider issuing the bond to the principal
- Obligee: The Georgia Department of Banking and Finance requiring the bond
If a bonded mortgage professional breaks the contract terms, the obligee can file a claim to recover damages. The surety company will pay claims to harmed parties up to the full bond amount, which you would need to reimburse.
How Do I Get My Bond?
With SuretyBonds.com, you can get your Georgia mortgage broker bond in just four easy steps:
- Apply for your surety bond online
- Receive a free quote within one business day
- Sign your documents with DocuSign
- Checkout on our secure, online portal
That's it! We'll upload your bond directly to the NMLS on your behalf and provide an email copy.
What Are Georgia Mortgage Georgia Mortgage Broker/Lender Bonds?
Georgia mortgage broker or lender bonds are required by the Georgia Department of Banking and Finance as part of the licensing process. These bonds ensure that mortgage professionals adhere to the Georgia Residential Mortgage Act provisions and all other applicable regulations.
How Do I Renew My Georgia Mortgage License Bond?
Georgia mortgage broker or lender bonds expire annually. A SuretyBonds.com representative will contact you with renewal instructions and an invoice to keep your bond active before your term ends.
How to Become a Georgia Mortgage Broker, Lender, or Installment Lender
Mortgage professionals in Georgia must be licensed and bonded with the Georgia Department of Banking and Finance. Use the NMLS checklists below to complete all the requirements for the Georgia mortgage license you need:
- NMLS: GA Mortgage Lender License Checklist (Company)
- NMLS: GA Mortgage Broker Checklist (Company)
- NMLS: GA Mortgage Loan Originator License Checklist (Individual)
- NMLS: GA Installment Lender License Checklist (Company)
Submit a quote request now to get started or call 1 (800) 308-4358 for assistance.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
