Alabama Power Surety Bond | Accounting Entry For Surety Bond

Cost

Eda asked this on April 15, 2016 in Surety Bonds

How much 25000 surety bond costs for MLO Licence in Va; excellent credit individual.
Thanks

Amber

Amber answered this on April 22, 2016

Hi Eda,

For a $25,000 Mortgage Loan Originator bond in Virginia, you can expect to pay around a 1% rate or $250 with excellent credit. However, bond premiums can vary in price depending on a number of factors including the individual's background so this is merely an estimate. To determine exactly how much you'll pay, you'll need to contact a surety bond provider and apply for a quote. For more information on this bond, visit SuretyBonds.com's VA MLO page here: https://www.suretybonds.com/states/virginia/mortgage-broker-loan-originator-bond.html

You can also speak with an agent directly today at 1 (800) 308-4358 to learn more or request pricing. Hope this helps!