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  1. Carboholic
    Carboholic is offline Member
    Join Date
    Oct 2006
    Posts
    69

    Additional Branch

    I currently have a Maryland Mortgage Lender Bond and now I'm opening a second branch within the same state... will my current bond cover both branches or do I need to get another bond?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    State licensing requirements vary from state to state. I know the state of Maryland requires larger bonds for brokers/bankers with larger volume. However, I am unsure whether they require an increased amount for additional branches. Your best bet is always to check with the state, as they change their policies from time to time.
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