$250 is your GOOD CREDIT PRICE for a New York Registered Mortgage Broker Surety Bond.
If you are engaged as a registered mortgage broker in New York you are required under Article 12-D of the State of New York Banking Law to file a New York Registered Mortgage Broker Surety Bond as a condition of licensure.
Bonds Express offers a New York Registered Mortgage Broker Surety 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 New York Registered Mortgage Broker Surety Bond holds you accountable for your business decisions.
By possessing a New York Registered Mortgage Broker Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.