# North Carolina Good Funds Settlement Agent Surety Bond

Source: https://a1suretybonds.com/north-carolina/good-funds-settlement-agent-bond

## Key facts

- State: North Carolina
- Term: 1 year
- Apply online: https://a1suretybonds.com/application/index/1531/28

A Good Funds Settlement Agent Surety Bond is required of Settlement Agents that are currently licensed as North Carolina Mortgage Lenders. The Good Funds Settlement Act provides that a settlement agent may disburse settlement proceeds in a residential mortgage loan transaction from the agent’s trust or escrow account in reliance on a check deposited to such accounts issued by a Mortgage Lender licensed with the Commissioner. The licensee must also post and maintain a Good Funds Settlement Agent Surety Bond in a minimum amount of $300,000.00

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Good Funds Settlement Agent Surety Bond

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A1 Surety Bonds (The Surety Syndicate, LLC), a nationwide surety bond agency · (800) 737-4880 · info@a1suretybonds.com · https://a1suretybonds.com
Requirements are set by each state or agency and can change; the obligee's current instructions and the law control.