Commercial Mortgage Broker Bond
Confirm OFR Chapter 494 path for commercial mortgage activity
Florida commercial mortgage brokerage - lending activity is regulated under Chapter 494. Confirm whether your license class requires a surety bond before ordering.
Or call (877) 477-7578
A Florida commercial mortgage-related surety bond (when required) guarantees compliance with Chapter 494 obligations for the licensed activity.
The surety bond guarantees that the principal will perform the duties required under Fla. Stat. ch. 494 up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Florida obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Firms brokering or lending on commercial mortgage transactions in Florida under OFR licensing — confirm whether a bond applies to your exact license type.
Verify OFR - NMLS license type and whether a surety bond is required; mortgage brokers generally are not bonded under current Florida law.
Share your license type, court order, or obligee form and the exact penal sum required by Florida Office of Financial Regulation (OFR).
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to State of Florida — Office of Financial Regulation or for your Florida filing package.
The amount is Confirm with OFR for your license class — many broker paths have no bond; lender paths commonly use $10,000, as set under Fla. Stat. ch. 494 and confirmed with Florida Office of Financial Regulation (OFR).
The obligee is typically State of Florida — Office of Financial Regulation. Always match the exact name on the Florida form.
Many Florida filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Florida license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond