Indiana mortgage lenders are licensed and regulated by the Indiana Department of Financial Institutions.
The licensing (and the filing of the surety bond) are administered through NMLS, the Nationwide Mortgage Licensing System.
Our agency can file your surety bond on your behalf once purchased. All we will need is your NMLS unique identifier number.
AmeriPro Surety Bonds offers two potential ways to qualify for this bond; regardless of the method chosen, we are committed to obtaining the best pricing for you.
According to statute, the Indiana mortgage lender bond is a single $100,000 surety bond required of mortgage lenders.
AmeriPro Surety Bonds offers two ways to qualify for the mortgage lender bond; you will choose which one is better for you based upon your personal circumstances and preferences.
The first way is by the standard surety bond application, along with a credit check.
The pricing in this manner will largely be determined by your credit history. Well qualified applicants may pay as little as 1.5% annually ($1500); however, the amount that you will pay may vary substantially or not at all.
By way of preparation ahead of time, you may be asked the following:
The second way to qualify involves no credit check and offers rock bottom pricing. You would need to certify that all of the following are true of you:
If you meet the above qualifications, then the Indiana mortgage lender bond will cost you the following:
While required of your lending company, the bond’s purpose is for the protection of Indiana consumers who suffer harm as a result of failing to comply with the statutes.
As owner of this bond, should there be any claims paid against your bond, you would be obligated to indemnify the surety company.
AmeriPro Surety Bonds is a unique surety bonds only agency. We provide license and permit, court, and fiduciary bonds throughout Indiana.
We also provide surety bonds nationwide.
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