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Assignment of Mortgage by Corporate Mortgage Holder Louisiana Form

Assignment of Mortgage by Corporate Mortgage Holder Louisiana Form

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[Music] in this video we explain what louisiana mortgage lender bonds are and how insurance agents can efficiently obtain them for their customers a mortgage lender bond is a government required surety bond that protects the public from financial harm if the lender fails to comply with licensing regulations the limit on the louisiana mortgage lender bond is 25 000 for lenders who originate less than 100 million dollars in loans per year and 50 000 for lenders who originate more than 100 million dollars in loans per year the bond is required for all mortgage lenders operating in the state and is regulated by the louisiana office of financial institutions mortgage lenders are required to purchase this bond as a prerequisite to obtaining a business license the bond cost between 0.5 percent to 5 of the bond amount per year is determined based on factors such the applicant's credit score and years of business experience to avoid claims against their bond mortgage lenders must ensure

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