GroundRules
10VAC5-161-50: Surety bond amount
Where this section sits in the code
- Title 10. Finance And Financial Institutions
- Agency 5. State Corporation Commission
- Chapter 161. Mortgage Loan Originators
The surety bond amount required to be filed and maintained by or on behalf of the licensee shall be set and adjusted as necessary annually by the bureau in accordance with the following scale based upon residential mortgage loans originated during the preceding calendar year:
LOANS
BOND AMOUNT
$0 - $5,000,000
$25,000
$5,000,001 - $20,000,000
$50,000
$20,000,001 - $50,000,000
$75,000
$50,000,001 - $100,000,000
$100,000
over $100,000,000
$150,000
Collected 2026-09-14T04:49:34Z. Source file · JSON