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Product:

Rhode Island Mortgage Broker

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Description:

A Rhode Island Mortgage Broker Bond is a surety bond required by the Rhode Island Department of Business Regulation in order to obtain a Mortgage Broker License. The bond is intended to protect the state and its citizens from any financial losses due to fraudulent or unethical practices by the mortgage broker. The bond must be in the amount of $50,000 and remain in effect for as long as the broker is in business.

Obligee: Rhode Island Department Of Business Regulation