If you are engaged as a loan broker in North Carolina you are required under Article 20 Sections 66-108 of the State of North Carolina General Statutes to file a North Carolina Loan Broker Bond as a condition of licensure.
Bonds Express offers a North Carolina Loan 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 North Carolina Loan Broker Bond holds you accountable for your business decisions.
By possessing a North Carolina Loan Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.