Minimum Mortgage Lender Bond Requirement in California
Mortgage Lenders and servicers in the state of California have a minimum surety bond amount of $50,000, while a minimum bond amount of $25,000 is in place for finance lenders and brokers. Also, based on the amount of loans originated, the state may increase the bond amount accordingly.
The following two tabs change content below.
Robin Kix
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)
- How to Get a North Carolina Contractors License - November 29, 2022
- How to Get Your Freight Broker License – A Step-By-Step Guide - November 28, 2022
- Best Contractor Training Programs in 2022 - November 3, 2022
