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  • Bond Of Finance Lender And/or Broker - Id-1032(ca)

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BEFORE THE DEPARTMENT OF CORPORATIONS OF THE STATE OF CALIFORNIA BOND OF FINANCE LENDER AND/OR BROKER FINANCIAL CODE SECTION 22112 Bond No. $ a term of premium is for year(s). KNOW, ALL MEN BY THESE.

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The required amount of the California Finance Lender Surety Bond is at least $25,000; however, the actual bond amount depends on the aggregate dollar amount of residential mortgage loans originated by the mortgage lender in the preceding year: A loan amount between $0 and $1,000,000 requires a $25,000 surety bond.

Pre-Requisites for License Applicants All other applicants must have a minimum net worth of $25,000. o An applicant must maintain a surety bond in a minimum amount of $25,000.

Unless otherwise informed, those seeking a CRMLA license are required to obtain a $50,000 surety bond. The bond must be obtained from a surety company authorized to do business in California.

The required amount of the California Finance Lender Surety Bond is at least $25,000; however, the actual bond amount depends on the aggregate dollar amount of residential mortgage loans originated by the mortgage lender in the preceding year: A loan amount between $0 and $1,000,000 requires a $25,000 surety bond.

Broker must have and maintain a $25,000 net worth. Obtain and maintain a $25,000 surety bond. Have a history absent any criminal history or history of sanctions by any regulatory agency resulting from dishonesty, fraud or deceit.

“Finance lender” includes any person who is engaged in the business of making consumer loans or making commercial loans.

The Tennessee Department of Financial Institutions requires mortgage brokers, lenders, and servicers to post surety bonds as a licensing requirement. Brokers must post $90,000 bonds, while lenders and servicers must post $200,000 bonds.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232