Alabama Mortgage Loan Originator Bonds
Effective June 1, 2009, Alabama Mortgage Loan Originators are required to be licensed and to obtain a surety bond. They may be covered under their employers’ bond who is subject to the Alabama Consumer Credit Act or the Mortgage Brokers Licensing Act. The surety bond must include an amount for the loan originator equal to the amount of loans originated.
The following two tabs change content below.
Robin Kix is currently the Renewal Department Manager. Since joining Lance Surety in 2014, she has helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.
Latest posts by Robin Kix (see all)
- Freight Broker Training - April 15, 2022
- Calling All Louisiana Dealers: Time to Renew Your Bonds - February 16, 2022
- Hurry Up, Nebraska Auto Dealer Bonds Expire in Less than Two Months - February 16, 2022