Georgia Mortgage Broker Bond And Mortgage Lender Bond

The Georgia Department of Banking and Finance requires all mortgage broker companies and mortgage lending companies to purchase a surety bond as one of the licensing requirements.

This surety bond is often called a Georgia mortgage broker bond or Georgia mortgage lender bond. And in this video you'll learn what this surety bond is, why you're required to purchase it, and how to save potentially hundreds of dollars when you're ready to buy.

Here are the timestamps. Skip around the relevant parts of the video. And ask any questions in the comments.

• 00:20 - Video agenda
• 00:48 - What Georgia mortgage licenses require this bond?
• 01:31 - What is a mortgage broker or mortgage lender surety bond?
• 02:16 - What does a mortgage broker surety bond protect against?
• 02:49 - Examples of fraudulent actions the bond protects against
• 03:27 - What is the mortgage surety bond amount?
• 03:54 - How much does a mortgage surety bond cost?
• 04:11 - Factors that influence a surety bonds cost
• 05:14 - Georgia mortgage broker bond price examples
• 06:06 - What happens after your purchase your surety bond?
• 06:40 - Renewing your Georgia mortgage broker bond