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Arizona bonds

Arizona — Commercial Mortgage Broker Bond

For an Arizona commercial mortgage broker bond, start with the business that arranges the financing. Match DIFI's commercial broker class before continuing to the bond application.

Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
Arizona
Category
Financial services

What this bond does

Provide security for the commercial brokerage duties described in the requested Arizona form.

Who needs it
Commercial mortgage brokerage businesses with a DIFI bond request.
Who it protects
The bond's recipient and protected claims follow the requested form. It does not insure every commercial transaction.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Arranging finance and funding are distinct

DIFI lists commercial mortgage broker separately from commercial mortgage banker and directs both licensing applications through NMLS. Use the class matching your actual operations.

Prepare the commercial broker's requested sum, effective date and legal applicant name. Any bond execution and regulatory delivery come after the provider application and issuance.

Sources

Have these ready

  1. Brokerage legal name, office and NMLS identifier.
  2. Commercial mortgage broker instructions.
  3. Requested bond recipient, sum and effective date.

Questions about this bond

What if the business also funds loans?

Describe that activity in the application and compare DIFI's requested class. The commercial broker title does not establish security for a banker request.

How do I begin?

Select Purchase Now to open Propeller in a new tab. Complete its application; the purchase does not issue the bond or license the brokerage.

Is this the ordinary mortgage broker offering?

It is specifically labeled commercial mortgage broker. Keep the commercial class in the request rather than switching to a similarly named offering.

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