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Massachusetts Mortgage Lender Bonds

Massachusetts has a $100,000 MA Mortgage Lender Bond requirement, which is to be filed with the Treasurer and Receiver-General of the Commonwealth of Massachusetts. This MA Mortgage Broker Bond can be increased to $500,000, based on loan volume. 

All MA Mortgage Lender bonds must have an annual premium date of 12/31 through 12/31 of the next year.  Upon renewal, Mortgage Lenders must provide additional information from the surety Bond Company for proof that the bond is paid through 12/31 of the next calendar year.

Along with the $100,000 MA Mortgage Lender Surety Bond, applicants applying for this license are required to have at least 5 years experience in this business, and have a minimum net worth of $200,000.

Any company or person who engages in the business of making mortgage loans, or issuing commitments for mortgage loans on Massachusetts residential property, is a Mortgage Lender.

Applicants who are also applying for a Massachusetts Mortgage Broker license, must also obtain the $75,000 Mortgage Broker Surety Bond.  See our MA Mortgage Broker page for more details. Our knowledgeable staff at Ameribonds are always avalable to help provide you with information about this bond and bonding in general.