The state’s Department of Commerce, Community & Economic Development, Division of Banking & Securities, regulates mortgage brokers and lender in Alaska.
Your licensing and $75,000 surety bond are electronically filed through NMLS, the Nationwide Mortgage Licensing System.
Upon the purchase of your surety bond, our agency will electronically submit it to NMLS on your behalf.
Qualifying for the $75,000 Alaska mortgage broker/lender license bond involves the following:
Upon approval, your surety bond will have an annual premium of just $563 a year. Once the approval is granted and the premium paid, our agency will electronically file your bond to NMLS.
As a note, the name on your surety bond should exactly match any non-surety bonds paperwork you’ll also be submitting.
The $563 premium associated with your mortgage broker or mortgage lender bond is for one year. Our agency also offers you the option to prepay your bond’s premium up to 3 years.
Premium prepayment saves you over annual renewals while lengthening the time between renewals. The premium prepayment options – and savings – are as follows:
The surety bond requirement is a financial guarantee which ensures your compliance with Alaska Statutes, Chapter 06.60. This is also known as the [Alaska] Mortgage Lending Regulation Act.
AmeriPro Surety Bonds provides mortgage industry-related surety bonds nationwide. Our agency is also a provider of license and permit, court, probate, and other surety bonds in Alaska and all 50 states.
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