Idaho Mortgage Broker and Lender Bonds

Category: Uncategorized
Published: Apr 20, 2011
HB 169: License Bond—Mortgage Brokers and Lenders

This will repeal the existing bond requirements for mortgage lender and brokers. The previous law required a surety bond to be posted in the amount of $25,000 plus another $10,000 per branch. The State now has a mortgage recovery fund under the new law instead of a surety bond. This law became effective July 1, 2009.

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