New York State Department of Financial Services · NY
Revised Bond Form and Deposit Agreement - Mortgage Brokers
February 2, 2004
Summary
The New York State Department of Financial Services has updated the official surety bond form and deposit agreement for all registered mortgage brokers. Entities must secure and submit the revised documentation to the Mortgage Banking Division by July 1, 2004.
Industry Letter
February 2, 2004
To the Registered Mortgage Broker addressed:
Re: Revised Bond Form and Deposit Agreement
Due to the recent changes and additional language in Part 410 the Department has had to revise the bond form and deposit agreement. The enclosed bond form and deposit agreement reflect the current changes. Please use this form for obtaining the increased surety bond which must be in place by July 1, 2004.
Once you obtain the new surety bond please submit it to:
New York State Banking Department
Mortgage Banking Division
Special Projects Unit
1 State Street
New York, NY 10004
If you have any questions please contact Senior Bank Examiner Mian Ahmed at 212 709-5568 or Supervising Bank Examiner Timothy Pang at 212 709-5542.
Very truly yours,
Kenneth Bielemeier
Deputy Superintendent of Banks
Common questions
- What does "Revised Bond Form and Deposit Agreement - Mortgage Brokers" cover?
- The New York State Department of Financial Services has updated the official surety bond form and deposit agreement for all registered mortgage brokers.…
- Which agency issued this update?
- This update was issued by New York State Department of Financial Services.
- When was it published?
- It was published on February 2, 2004.
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