
I have a mortgage broker bond that I no longer need. Can I cancel my bond mid-term?
Sure you can cancel the bond mid term. If it is in the first year of the bond there will not be any refund of premium as the bond is fully earned within the first year. If it is during the second year or later there may be a return of premium. It will be prorated to reflect time used and any cancellation clause that is in the bond form.
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