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Florida Mortgage Brokerage and Lending Act Bond

How much does a mortgage broker bond cost in Florida?

Florida’s Office of Financial Regulation requires mortgage brokers and lenders to post $10,000 surety bonds prior to conducting business.

These bonds are subject to underwriting consideration, but qualified applicants could pay as low as $100 for their bonds. Request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Mortgage Brokerage and Mortgage Lending Act Bond $10,000 Starts at $100 $400-800 $1,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Begin the bonding process by calling 1 (800) 308-4358 or submitting a bond request. Our experts can typically provide free, no-obligation bond quotes within 1 business day of submitting your application.

Why do I need this bond?

Florida mortgage brokerage and mortgage lending act surety bonds are put in place to guarantee that principals (mortgage brokers and lenders) perform all duties and responsibilities under the provisions of the Mortgage Brokerage and Mortgage Lending Act (Chapter 494) of the Florida Statutes and abide by all rules and regulations of the Office of Financial Regulation.

These bonds protect harmed parties from financial loss that occurs as a result of the principal’s unlawful business practices. The principal must reimburse the surety for any damages paid out.

Request your free bond quote now!

What’s the fine print?

Mortgage brokerage and mortgage lending act surety bonds can be canceled and discontinued by the surety if the surety gives written notice to both the principal and the Office of Financial Regulation at least 30 days prior to the effective cancellation date.

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Get a FREE Mortgage Brokerage and Lending Act Bond Quote Today!

Florida Statutes Chapter 494 Loan Originators and Mortgage Brokers

Florida Office of Financial Regulation

Mortgage Broker and Branches

Mortgage Lender and Branches

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