Mortgage Loan Modification Services License
Surety Bond
Bond Number
THE UNDERSIGNED,
of
(Company Name)
(Company Address)
as PRINCIPAL and
of
(Surety’s Name)
(Surety’s Address)
As SURETY, are firmly bonded unto the State of Delaware in the penal sum of
$
(at least $100,000) for payment of which we jointly and severally
bind ourselves and our heirs, personal representatives, successors and assigns, this
day of
, 20
.
WHEREAS, the Principal has applied to the Delaware Attorney General for the license indicated
above, as provided by applicable provisions of 6 Del. C., Chapter 24C; and
WHEREAS, the Principal is required to file a surety bond in order to obtain such license; and
WHEREAS, the provisions of this law and regulations are fully incorporates herein by reference.
NOW, THEREFORE, the conditions of this obligation are set forth in 6 Del. C., Chapter 24C,
and as follows:
1. The Surety Bond shall run to the State of Delaware for benefit of the Attorney
General and for the benefit of all consumers injured by any wrongful act, omission,
default, fraud, or misrepresentation by a Licensee or agent of a licensee.
2. This Bond may be cancelled at any time by the Surety, but such cancellation shall be
effective at least 30 days after written notice of the cancellation has been given by the
Surety to the Attorney General by certified mail.
3. This Bond continues as to all transactions of the Licensee and transactions of its
agents on behalf of the Licensee and any claim under this Bond must be made with
the Surety within tow (2) years after Licensee ceases, for any reason, to be licensed.
4. This Bond is conditioned so that the Licensee and its agents shall comply with all
State and federal laws and regulations governing the business of providing mortgage
loan modification services.
5. This Bond covers any breach of the above-stated obligations occurring during the
bonding period, prior to the effective date of cancellation or termination of the Bond.
Mortgage Loan Modification Services License
Surety Bond
Bond Number
THE UNDERSIGNED,
of
(Company Name)
(Company Address)
as PRINCIPAL and
of
(Surety’s Name)
(Surety’s Address)
As SURETY, are firmly bonded unto the State of Delaware in the penal sum of
$
(at least $100,000) for payment of which we jointly and severally
bind ourselves and our heirs, personal representatives, successors and assigns, this
day of
, 20
.
WHEREAS, the Principal has applied to the Delaware Attorney General for the license indicated
above, as provided by applicable provisions of 6 Del. C., Chapter 24C; and
WHEREAS, the Principal is required to file a surety bond in order to obtain such license; and
WHEREAS, the provisions of this law and regulations are fully incorporates herein by reference.
NOW, THEREFORE, the conditions of this obligation are set forth in 6 Del. C., Chapter 24C,
and as follows:
1. The Surety Bond shall run to the State of Delaware for benefit of the Attorney
General and for the benefit of all consumers injured by any wrongful act, omission,
default, fraud, or misrepresentation by a Licensee or agent of a licensee.
2. This Bond may be cancelled at any time by the Surety, but such cancellation shall be
effective at least 30 days after written notice of the cancellation has been given by the
Surety to the Attorney General by certified mail.
3. This Bond continues as to all transactions of the Licensee and transactions of its
agents on behalf of the Licensee and any claim under this Bond must be made with
the Surety within tow (2) years after Licensee ceases, for any reason, to be licensed.
4. This Bond is conditioned so that the Licensee and its agents shall comply with all
State and federal laws and regulations governing the business of providing mortgage
loan modification services.
5. This Bond covers any breach of the above-stated obligations occurring during the
bonding period, prior to the effective date of cancellation or termination of the Bond.
6. The liability of the Surety is not affected by the insolvency or bankruptcy of the
Licensee or its agents or by any misrepresentation, breach of warranty, failure to pay
a premium, or other act or omission of the Licensee or its agent.
7. The Surety shall notify the Attorney General when it receives a claim against the
Bond and shall not pay the claim unless and until it receives notice to do so from the
Attorney General.
8. Any civil penalties imposed by a violation of 6 Del. C., Chapter 24C, may be paid
and collected from the proceeds of this Surety Bond.
9. If the Principal faithfully conforms to and abides by each and every provision of
applicable laws and regulations while engaging in the business to which this Bond
applies, then this obligation is to be void. Otherwise, it shall remain in full force and
effect for the period beginning
, 20
, and
continuing unless cancelled by paragraph 2 above.
10. All required notices to the Attorney General must be made by certified mail to the
following address:
Director of Consumer Protection
Carvel State Building
th
820 N. French Street, 5
Floor
Wilmington, DE 19801
WITNESS
(SIGNATURE OF INDIVIDUAL OR
PARTNERSHIP PRINCIPALS)
(SEAL)
(SEAL)
(SEAL)
[Attestation Page Below]
ATTEST:
Corporate or Limited Liability Company Principal
By
(SEAL)
Secretary or Assistant Secretary
President, Vice President or Authorized Member
(Affix Seal of Corporation)
ATTEST:
Name of Surety
By
(SEAL)
Secretary or Assistant Secretary
Authorized Signature
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