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  1. Redbull
    Redbull is offline Member
    Join Date
    Oct 2006
    Posts
    86

    Will one bond cover more than one state?

    Since I need more than one mortgage broker bond, I was wondering if I could get one bond that would cover numerous states. Do I have to apply for each state separately?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    Each state requires its own specific bond. Each bond guarantees different state statutes and has different obligees (beneficiaries). Therefore, if you wish to obtain licenses in multiple states you will have to apply for multiple bonds (check with each state to find out bond requirements).

    You can obtain an approval/quote online on our parent site.
    Surety Bond Articles
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