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BOND LICENSED MORTGAGE BANKERS Date: Bond No. WHEREAS, Article 12D of the Banking Law of the State of New York requires all licensed mortgage bankers (principals) to furnish a surety bond in an amount
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Obtain the necessary application forms from the appropriate regulatory agency or authority.
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Who needs bond licensed mortgage bankers:
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Individuals who want to work as mortgage bankers and provide services related to mortgage loans.
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Financial institutions or companies that offer mortgage banking services and want to ensure compliance with regulations and legal requirements.
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Organizations or individuals involved in the mortgage industry who need to be licensed and bonded as part of their professional obligations or contractual agreements.
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What is bond licensed mortgage bankers?
Bond licensed mortgage bankers are professionals who have obtained a license to operate as mortgage bankers and are required to obtain a bond to ensure compliance with regulations.
Who is required to file bond licensed mortgage bankers?
Licensed mortgage bankers are required to file a bond with the appropriate regulatory authorities.
How to fill out bond licensed mortgage bankers?
To fill out bond licensed mortgage bankers, professionals must provide relevant information about their business, financials, and compliance measures.
What is the purpose of bond licensed mortgage bankers?
The purpose of bond licensed mortgage bankers is to protect consumers and ensure that mortgage bankers operate ethically and within the law.
What information must be reported on bond licensed mortgage bankers?
Information such as business details, financial statements, compliance measures, and bond details must be reported on bond licensed mortgage bankers.
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