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  1. Bond Magician
    Bond Magician is offline Senior Member
    Join Date
    Oct 2007
    Posts
    401

    North Carolina Mortgage Broker Bond

    Hello,
    I recently found out that since I do not have a physical location in the state of North Carolina, I do not need the bond. Can I get a refund?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
    Posts
    558

    Mortgage Broker Bond

    Quote Originally Posted by Bond Magician
    Hello,
    I recently found out that since I do not have a physical location in the state of North Carolina, I do not need the bond. Can I get a refund?
    Hard question to answer without the specifics. Generally, I can tell you this. During the first year of a bond - most of the time - premium is not refunded (it's fully earned). However, there are some exceptions to this. Some surety companies will allow a partial refund if the original bond can be returned with no indication that it was ever turned into the State. Your best option here would be to speak with your bond representative about your specific situation to see what your options are.
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