Alabama Mortgage Brokers are required under Section 5-25-1 of the Code of Alabama, 1975 to file an Alabama Mortgage Broker Bond as a condition of licensure.
Bonds Express offers an Alabama Mortgage Broker Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Alabama Mortgage Broker Bond holds you accountable for your business decisions.
By possessing a Alabama Mortgage Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.