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Mortgage Broker Bonds - Moving my business


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Old 02-01-2008, 12:30 PM
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Default Moving my business

I currently have a mortgage broker bond in the state I operate (Pennsylvania). If I move to New Jersey do I need to re-apply with that state?
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Old 02-01-2008, 05:08 PM
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Default Re-Apply with New Jersey

You will only need to notify your surety to let them know you have moved to another state so that a rider can be issued if applicable. As far as applying to the state of New Jersey - this would be up to you only if you plan on doing business in/for the state of New Jersey - which would require a New Jersey Mortgage Broker Bond in addition to your existing Pennsylvania.
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