South Carolina — Mortgage Broker Qualified Loan Originator Special Deposit Bond
Need South Carolina's Mortgage Broker Qualified Loan Originator Special Deposit Bond? The published Consumer Affairs form states a $25,000 bond. Prepare the named principal's details for this specific deposit obligation.
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- Recorded state
- South Carolina
- Bond type
- Mortgage Broker Bond
- Category
- Financial services
What this bond does
Secure compliance with the Licensing of Mortgage Brokers Act and the contracted brokerage services described in the special-deposit form.
- Who needs it
- Applicants whose Consumer Affairs request names the mortgage broker qualified loan originator special deposit.
- Who it protects
- The form is bound to the Administrator of the South Carolina Department of Consumer Affairs for state and consumer use under its conditions.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
Have these ready
- The department's request and exact principal name.
- Business details and intended effective date.
- The requested special-deposit form; signatures and surety documents follow issuance.
Questions about this bond
What sum does the form state?
The published special-deposit form states $25,000. This is the bond obligation, not a menu of loan amounts.
How do I begin?
Purchase Now opens Propeller in a new tab for the application. Starting the application does not issue the bond or complete its execution and filing.
Is this the general mortgage broker offering?
No. A separate general mortgage broker offering is available. Use the special deposit only when it matches the exact obligation requested.