TX Mortgage Broker Bond

[Bond Magician]

The state has recently informed me that I have to change the name on my bond from my individual name to my company name. Is this something you can handle?

[Bond Guy]

We can definitely help you with changing your bond. We would need a simple request to your agent in writing that would include all your account information and the company name you need the bond changed to. This is called a name change rider and can be done within 1-3 days.

[Bond Magician]

Originally Posted by Bond Guy

We can definitely help you with changing your bond. We would need a simple request to your agent in writing that would include all your account information and the company name you need the bond changed to. This is called a name change rider and can be done within 1-3 days.

Bond Guy,

Will I have to sign a new indemnity agreement? Or cancel the bond that I already have placed with you since the company name is changing from an individual to a company?

[Mr. Bond]

Dear Bond Magician, you may need to sign a new indemnity agreement - depending on what is on your original indemnity. Some of the Texas Mortgage Broker Bonds that have been issued - have included the name of the company on their indemnity agreements and simply issuing the bond in the individuals name - which would only require a rider. Check with your surety company for further clarification.