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The Surety Bond Blog

21
Dec
2009

Idaho Loan Originator Bond Abolished

IdahoOn 02/01/2008, the state of Idaho introduced a new law named HB 450 concerning loan originators. The new law eradicates the surety bond requirement in existing law for the loan originators. The law demanded a surety bond in the quantity of $10,000, which had to be issued by a state licensed surety. HB 450 will be active and affecting mortgage brokers on June 2, 2008.

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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.

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Category: Commercial Bonds, Mortgage Broker Bonds, Surety News

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