The Pennsylvania Department of Banking and Securities (DOBS) requires mortgage brokers in Pennsylvania to obtain a Pennsylvania Mortgage Broker Surety Bond as a condition of licensure. The surety bond ensures compliance of state laws and ethical performance of duties.
Pennsylvania surety bonds must be purchased through a surety company that is licensed to do business in the state. SuretyGroup.com is licensed to write all surety bonds in all 50 states and fulfills this requirement.
The premium that you pay for the Pennsylvania Mortgage Broker Surety Bond is dependent on credit and the bond amount required. Premiums start at .75% of the bond amount with good credit. Surety bonds over $50,000 will also require personal and/or business financial statements. Contact our Surety Bond Specialists for a free quote that fits your specific bonding needs.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application