Commercial Mortgage Broker Bond

Arizona Commercial Mortgage Broker Bond

DIFI commercial mortgage broker security under A.R.S. § 6-903

Commercial mortgage brokers licensed in Arizona use the same A.R.S. § 6-903 bond structure as mortgage brokers, sized by investor type.

Overview

What Is a Arizona Commercial Mortgage Broker Bond?

An Arizona commercial mortgage broker bond is the surety deposit required before doing business as a commercial mortgage broker under A.R.S. § 6-903.

Key Provisions
  • Guarantees compliance with A.R.S. § 6-903
  • Protects the obligee named on the Arizona bond form
  • Remains subject to the penal sum and bond conditions
Surety Obligation Overview

What Does This Bond Guarantee?

The surety bond guarantees that the principal will perform the duties required under A.R.S. § 6-903 up to the penal sum.

Principal
The party required to obtain the bond and perform the underlying obligation.
Obligee
Arizona Department of Insurance and Financial Institutions
Surety
The company issuing the bond and guaranteeing the obligation to the obligee.

When a claim may arise

A claim may arise if the principal fails to comply with the bonded Arizona obligation or causes covered loss to the obligee or protected parties.

If a claim is valid

If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.

Scope of the Obligation
  • Comply with A.R.S. § 6-903
  • Satisfy Arizona Department of Insurance and Financial Institutions filing conditions
  • Maintain the bond for the required term
Bond terms

Bond summary

Amount, premium, term, and the authority that requires this filing.

Eligibility

Who Needs This Bond?

Persons who broker only commercial mortgage loans and hold an Arizona commercial mortgage broker license need this bond.

Who Is Required to File
  • Applicants required by Arizona Department of Insurance and Financial Institutions (DIFI)
  • Arizona businesses renewing or expanding licensed activity
  • Out-of-state firms filing into Arizona markets
Requirements

What You Need to Apply

File the $10,000 or $15,000 DIFI bond (or cash alternative) matching your investor mix before brokering commercial loans in Arizona.

Required Documentation
  1. Legal entity name matching the license or filing
  2. Bond amount: $10,000 for institutional investors only
  3. $15,000 when any noninstitutional investors are included
  4. Arizona obligee form or statute citation
  5. Owner or officer identification for underwriting
Filing

How this filing works

  1. 01

    Confirm the Arizona requirement

    Share your license type, court order, or obligee form and the exact penal sum required by Arizona Department of Insurance and Financial Institutions (DIFI).

  2. 02

    Underwrite and price

    We review credit and filing details, then quote premium options through licensed surety markets.

  3. 03

    Issue and file

    Once approved, we issue the bond for delivery to Arizona Department of Insurance and Financial Institutions or for your Arizona filing package.

FAQ

Frequently Asked Questions

What is the required amount for an Arizona commercial mortgage broker bond?

The amount is $10,000 for institutional investors only; $15,000 when any noninstitutional investors are included, as set under A.R.S. § 6-903 and confirmed with Arizona Department of Insurance and Financial Institutions (DIFI).

Who is the obligee on an Arizona commercial mortgage broker bond?

The obligee is typically Arizona Department of Insurance and Financial Institutions. Always match the exact name on the Arizona form.

How long does it take to get the bond?

Many Arizona filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.

Does bad credit prevent approval?

Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.

How do I renew the bond?

Most bonds renew on the term shown (1 Year). Keep continuity so your Arizona license or filing does not lapse.

Authority Resources

Arizona Department of Insurance and Financial Institutions (DIFI)

difi.az.gov

Next step

Ready to file this bond?

We’ll match the requirement and route the application.

Apply for this bond

Or call (877) 477-7578