Mortgage Broker Bonds: Hawaii

January 23, 2008 by Michael Weisbrot

The state of Hawaii has just been added to our acceptable bonds list for our specialty mortgage broker programs. The Professional and Vocational Licensing Division of the Department of Commerce & Consumer Affairs (DCCA) (see: http://www.state.hi.us/dcca) regulates mortgage brokers within the state.

To obtain a brokerage license, an applicant must:

18 years of age or older

Pay the required fees

Post a $15,000 mortgage broker surety bond

2 years experience (handling first mortgages or subordinate mortgage financing, or equivalent)

Maintain a principal place of business within the state.

One can obtain a free surety bond quote immediately online at: http://www.jwsuretybonds.com/apply.php

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Category: Commercial Bonds, Mortgage Banker Bonds, Mortgage Broker Bonds, Surety News

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