West Virginia Mortgage Loan Originators are required by the provisions of Chapter 31, Article 17 of the Code of West Virginia to file a West Virginia Mortgage Loan Originator Bond as a condition of licensure.
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 West Virginia Mortgage Loan Originator Bond holds you accountable for your business decisions.
By possessing a West Virginia Mortgage Loan Originator Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.