Mortgage Loan Originator Bond
Mortgage professionals in the state of Colorado are required by state law to carry a Mortgage Loan Originator Bond. The purpose of this bond is to protect both the state and customers by obligating the mortgage professional to follow the rules of their license and protect against misleading and fraudulent lending practices. Clients may file a claim against the bond if a mortgage professional breaks the law or any of the licensing rules. If the mortgage professional is found t