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Illinois Mortgage Broker Bond info
Office of Banks and Real Estate, Bureau of Residential
Finance is the Obligee
The Mortgage brokers must have a net worth of $35,000
and a surety bond for $20,000. The correct classification
for this surety bond is Mortgage Broker Bond. Licensees
are also required to have three years' experience in
real estate financing or attend mortgage lending classes.
The Mortgage broker Bond usually must be obtained before
the Mortgage Broker license is issued. Obtaining a Surety
Bond or Mortgage Broker Bond is like applying for a
loan the surety will review credit and financials to
determine the rate. Please always check with the state
for updated information and make sure that the state
fees or Surety Bond amounts/requirements have not changed.
For your convenience the Owner’s website has been provided.
Please always request a copy of the Surety Bond form
in question from the state.
 Illinois
Agricultural Dealer Surety Bond ($5,000 - $100, 0000)
Illinois
Citrus Surety Bonds
Illinois
Collection Agency
Illinois
Contractor License Surety Bond ($10,000)
Illinois
Contractor License Surety Bond ($50,000)
Illinois
Dance Studio Surety Bond ($5,000 / $10,000 / $15,000)
Illinois
Financial Responsible Officer Surety Bond ($50,000)
Illinois
Health Care Facilities Provider
Illinois
Health Club Surety Bond ($50,000)
Illinois
Insurance Adjuster Surety Bond
Illinois
Liquor Bond
Illinois
Medicaid Bond ($50,000)
Illinois
Mortgage Broker ($10,000)
Illinois
Mortgage Correspondent / Lender ($25,000)
Illinois
Mobile Home Installer Surety Bond
Illinois
Mobile Home Dealer Surety Bond ($25,000)
Illinois
Motor Vehicle Dealer License Bond ($25,000)
Illinois
Private School Surety Bond
Illinois
Pawnbroker Surety Bond
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