Colorado To Require $100,000 Surety Bond for Mortgage Brokers

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Colorado To Require $100,000 Surety Bond for Mortgage Brokers

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10-25-2005, 10:36 AM

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Colorado To Require $100,000 Surety Bond for Mortgage Brokers

Mortgage brokers in the state of Colorado have had the luxary of not having to post a surety bond to obtain their license. It looks like that will be changing in the near future. The state is proposing that mortgage brokers must post a $100,000 bond to help protect the state against fraud.

You can read the entire article: Mortgage lender rules gather some support

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