Delaware Mortgage Loan Broker or Originator Bond

Mortgage brokers in Delaware must furnish a Mortgage Loan Broker Surety Bond in the amount of $25,000 per Section 2108(a), Title 5 of the Delaware Code. The surety bond is a requirement of the State of Delaware, Office of the State Bank Commissioner. Loan Originators and Licensed Lenders must also post surety bonds as required by the state.

The bond guarantees that the bonded party will comply with the rules, regulations and guidelines established by the state. Typically, mortgage professionals will be required to apply for surety bonds in each state in which they operate and mortgage bond amounts and obligations vary by state. As a leading mortgage bond provider, Surety Bonds Direct is here to help you through this process.