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Arizona bonds

Arizona — Mortgage Broker Bond

Apply for the Arizona mortgage broker bond using the brokerage's legal name and DIFI license class. This offering is separate from commercial mortgage broker and mortgage banker bonds.

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Recorded state
Arizona
Category
Financial services

What this bond does

Provide security for the broker obligations described in the requested Arizona bond form.

Who needs it
Businesses with an Arizona mortgage broker bond request.
Who it protects
Use the recipient and protected obligations named in DIFI's requested form; this is not insurance for the brokerage's own losses.

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.

Keep the license class consistent

Arizona DIFI lists mortgage broker, commercial mortgage broker and mortgage banker as distinct classes and directs license applications through NMLS. Select the broker checklist for your actual business.

Have the requested amount and effective date ready. Follow the bond-specific execution and filing instructions after issuance rather than assuming the license application also files the bond.

Sources

Have these ready

  1. Broker business name, address and NMLS ID.
  2. DIFI mortgage broker request.
  3. Required sum, effective date and authorized applicant.

Questions about this bond

Is the commercial broker bond interchangeable?

DIFI identifies separate license classes. Use the class on your request rather than selecting by similar wording.

Where does the bond application begin?

Purchase Now opens Propeller in a new tab. The provider reviews the application; issuance and filing are separate from DIFI license approval.

Does NMLS listing establish electronic bond filing?

Check the bond instructions for your class. Submitting a license application in NMLS does not by itself establish how this bond must be delivered.

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