If you are engaged as a mortgage broker in Ohio you are required under Section 1322.05 of the State of Ohio Revised Code to file an Ohio Mortgage Broker Bond as a condition of licensure.
Bonds Express offers an Ohio 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 Ohio Mortgage Broker Bond holds you accountable for your business decisions.
By possessing an Ohio Mortgage Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.