Texas Residential Mortgage Loan Servicer License Surety Bond
A Residential Mortgage Loan Servicer is any person/entity who receives payments from the homeowner under the terms of a residential mortgage loan, makes the payments of principal and interest to the lien holder or other third party and makes any other payments with respect to the amounts received from the borrower as may be required under the terms of the servicing contract.
Residential Mortgage Loan Servicer License Bond Requirements:
- Annual servicing volume less than $25,000,000 = $25,000 Surety Bond
- Annual servicing volume greater than $25,000,000 = $50,000 Surety Bond
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