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Legislative updates and editorial columns from the surety experts at JW Surety Bonds; the largest surety bond company in the U.S.

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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Category: Commercial Bonds, Mortgage Broker Bonds, Surety News

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  1. Surety Bond Blog: Idaho Loan Originator Bond Abolished http://www.jwsuretybonds.com/blog/idaho-loan-originator-bond-abolished

    Comment by JW_Surety_Bonds (Michael Weisbrot) — December 21, 2009 @ 4:11 pm

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