If you are engaged as a mortgage broker in Oregon you are required under chapter 86A.106 of the Oregon Revised Statutes to file an Oregon Mortgage Broker Bond as a condition of licensure.
Bonds Express offers an Oregon 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 Oregon Mortgage Broker Bond holds you accountable for your business decisions.
By possessing an Oregon Mortgage Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.