Individual mortgage loan originators in Georgia State no longer need to obtain a surety bond for themselves. A new law titled HB 239 gets rid of the requirement for individual mortgage loan originators which requires them to acquire a surety bond. In its place, the new law states that individual originators must be covered under a sponsoring mortgage broker or mortgage lender; so the individual bond is not necessary.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.