Motor Vehicle Dealer Bond?
When you are destined to sell cars, the road ahead requires surety bonds that meet the specifications of the Department of Motor Vehicles (DMV) in the state you’re operating in. Business experts say It…
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Your Own Biz? Mortgage Broker!
Homebuyers hear about mortgage brokers from their friends. That’s why great mortgage brokers have big client lists—and relationships with lenders to meet their needs. With competition for housing stiff, buyers need their mortgages fast. Can…
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Why Do You Need a Mortgage Broker Bond?
Mortgage broker bonds are required to obtain a mortgage broker license in most states, with the Nationwide Mortgage Licensing System overseeing mortgage broker licensure. But why exactly do you need to purchase a mortgage broker bond?…
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Who Do Guardianship Bonds Protect?
When a guardian is told by the court to purchase a guardianship surety bond, they must obtain the bond in order to serve as a guardian. The guardianship bond is providing protection for the ward….
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Collateral Security: The Surety’s Power
The indemnity agreement is the foundation of the surety bond. It’s what separates surety from insurance: the agreement functions as a mechanism to have the principal repay the surety for any claims paid out to…
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