SB 287, which has recently passed in the senate, would require both license and a $100,000 surety bond form Mortgage Loan Servicers in the State of Vermont. The Commissioner of Banking, Insurance, Securities and Health Care Administration would be able to adjust the amount of the bond that would be put in place to ensure compliance with the applicable laws and regulations of the state, as well as ensuring payment of all funds due to the state or any person.
Vermont Mortgage Loan Servicers Bond
Category: License and Permit, Mortgage Banker, Mortgage Broker Surety Bond
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