Frequently Asked Questions (FAQ)
Bond Amount is $100,000.00. Standard Rate is 1.500% per year; with a minimum premium of $50.00.
CONNECTICUT-MORTGAGE LENDER BOND
CONNECTICUT-MORTGAGE LENDER BOND – $100,000.00
Underwriting Details
This bond is set at Category 4 – Underwriter Review. Quote will be sent to underwriter for review.
Bond Amount is $100,000.00.
Standard Rate is 1.500% per year; with a minimum premium of $50.00.
Standard / Default term is 1 year.
A multiyear discount is available at 25% on subsequent years.
A signed application is required.
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Execution Notes
Bond is electronically signed by the Surety Attorney in Fact.
Filing Method
Surety will file the bond on behalf of the principal direct with the obligee.