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SD Form 2097 Mortgage Company Bond - South Dakota
What Is SD Form 2097?
This is a legal form that was released by the South Dakota Department of Labor & Regulation - a government authority operating within South Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is SD Form 2097?A: SD Form 2097 is the Mortgage Company Bond used in South Dakota.
Q: What is a Mortgage Company Bond?A: A Mortgage Company Bond is a type of surety bond required by mortgage companies to protect consumers.
Q: Who requires the SD Form 2097 Mortgage Company Bond?A: The South Dakota Division of Banking requires mortgage companies to have the SD Form 2097 bond.
Q: What is the purpose of the SD Form 2097 Mortgage Company Bond?A: The purpose of the bond is to provide financial protection to consumers in case a mortgage company engages in fraudulent or unethical activities.
Q: How much is the bond amount for the SD Form 2097 Mortgage Company Bond?A: The bond amount is $50,000 for the SD Form 2097 Mortgage Company Bond.
Q: How long does the SD Form 2097 Mortgage Company Bond need to be in effect?A: The bond must be in effect for the entire duration of the mortgage company's licensing period.
Q: Are there any other requirements to obtain a Mortgage Company Bond in South Dakota?A: Yes, aside from the bond, mortgage companies are also required to meet certain financial and licensing requirements set by the South Dakota Division of Banking.
Form Details:
- The latest edition provided by the South Dakota Department of Labor & Regulation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of SD Form 2097 by clicking the link below or browse more documents and templates provided by the South Dakota Department of Labor & Regulation.
