Commercial Surety Bonds

Hawaii Mortgage Broker Bonds

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Hawaii is a very lenient state to be in the Mortgage Broker Business. The Mortgage Brokers are regulated by the Professional and Vocational Licensing Division of the Department of Commerce and Consumer Affairs. The Department does not require applicants to do any testing or have any prior education in order to be licensed. However, they do require that if you want to be licensed in the state that you have a physical office location in Hawaii.

Hawaii does want the Mortgage Broker to have some type of experience mortgages or financial transactions that involved either First or Second Mortgage processing. It is expected that each licensed Mortgage Broker will comply with the 3 main Acts which include the Truth in Lending Act, Equal Credit Opportunity Act, and the Real Estate Settlement Procedures Act.

Bad Credit Hawaii Mortgage Broker Bonds

Any applicant with less than perfect credit is encouraged to apply with JW Bond Consultants, Inc. We have a special program that is tailored to meet the needs of applicants that are considered higher risk.

Hawaii License Requirements

Age: 18

State Residency: Required to have physical location.

Experience: 2 years

Education: None

Continuing Education: None

Net Worth: None

Surety Bond: $15,000

Background Check: Criminal and credit.

Hawaii State Licensing Fees

Initial Application: $100

Branch Location: $100

Branch Offices:

In State Requirements: Must have physical location in Hawaii.

Licensure Requirements: Each office must have a license.

Branch Manager: None

Exemptions:

Entities: None

Safe Harbor: None

*This Information for licensing is provided only as a quick reference, make sure you contact the state to verify all information prior to making your application.

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