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Reset Form CONNIE LAWSON SECRETARY OF STATE SECURITIES DIVISION 302 W. Washington Street, Room E111 Indianapolis, Indiana 46204 Telephone: (317) 2326681 www.sos.in.gov LOAN BROKER BOND State Form
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How to fill out loan broker bond

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How to fill out loan broker bond?

01
Obtain the necessary application form from your state's regulatory agency or the surety company issuing the bond.
02
Fill out the application form with accurate and complete information. Provide your personal details, business information, and any required documentation.
03
Pay the required premium for the bond. The premium is typically a percentage of the total bond amount and can vary depending on factors such as your credit history and the bond type.
04
Submit the completed application form and the premium payment to the surety company or regulatory agency. Ensure that all required signatures are obtained.
05
Await approval and issuance of the bond. This process may take a few days to a few weeks, depending on the agency or company involved.
06
Keep a copy of the bond for your records and provide a copy to any relevant parties or agencies that require proof of the bond.

Who needs loan broker bond?

01
Loan brokers or individuals involved in arranging loans for consumers generally need a loan broker bond.
02
Mortgage brokers, finance brokers, and other intermediaries helping individuals secure loans may also need to obtain a loan broker bond.
03
The specific requirement for a loan broker bond may vary by state or jurisdiction, so it's important to check with the appropriate regulatory agency to determine if you need one.
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Loan broker bond is a type of surety bond that protects the public by guaranteeing that the loan broker will comply with all laws and regulations.
Loan brokers who are licensed or registered with state or federal authorities are required to file a loan broker bond.
To fill out a loan broker bond, the broker must provide basic information about their business, such as name, address, and license number, as well as financial information.
The purpose of loan broker bond is to protect consumers from fraudulent or dishonest practices by loan brokers.
Information typically reported on a loan broker bond includes the broker's name, address, license number, and the bond amount.
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Indiana Washington suretyship R4 LAWSON severally E111 IC bounden revocation successors executors hereto Surety Indianapolis aggregate WHEREOF assigns transact jointly indemnity sustains administrators thereto gov herein sos VALIDATION provision heirs pen

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