Click to verify BBB accreditation and to see a BBB report.
Follow us on twitter!
+ Reply to Thread
Results 1 to 2 of 2

Thread: Cancel Mid-Term

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

    Cancel Mid-Term

    I have a mortgage broker bond that I no longer need. Can I cancel my bond mid-term?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  2. Surety Wizard
    Surety Wizard is offline Senior Member
    Join Date
    Sep 2008
    Posts
    110

    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
« Previous Thread | Next Thread »

Similar Threads

  1. Three Year Term
    By Bond Magician in forum Telemarketing Bonds
    Replies: 2
    Last Post: 01-29-2008, 08:15 AM
  2. Can a cosigner cancel a bond?
    By apprentice35 in forum Mortgage Broker Bonds
    Replies: 1
    Last Post: 09-19-2007, 02:16 PM
  3. Cancel My Bond?
    By apprentice35 in forum License & Permit Bonds (other)
    Replies: 1
    Last Post: 08-28-2007, 02:51 PM
  4. 3 Year Term
    By Carboholic in forum Mortgage Broker Bonds
    Replies: 1
    Last Post: 06-12-2007, 09:13 AM
  5. How to cancel bond?
    By Carboholic in forum Subdivision Bonds
    Replies: 1
    Last Post: 04-05-2007, 09:32 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Forum Rules


Content Relevant URLs by vBSEO 3.5.0 RC1 PL1