If you are engaged as a First Mortgage Broker or Lender in Michigan you are required under Public Act 173 of 1987 to file a Michigan First Mortgage Broker and Lender Bond as a condition of licensure.
Bonds Express offers a Michigan First Mortgage Broker and Lender 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 Michigan First Mortgage Broker and Lender Bond holds you accountable for your business decisions.
By possessing a Michigan First Mortgage Broker and Lender Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.