What is a surety bond and why do I need to have one?
A surety bond is a three-party instrument between a surety (insurance company), the licensee, and the Department. The agreement binds the licensee to comply with the terms and conditions of the laws and regulations concerning the issuance of their license. If the licensee is unable to successfully meet those requirements, the surety assumes certain monetary obligations required for performance under that surety bond for the licensee, and ensures that the obligations are met. Such obligations may be those owed to qualifying consumers, other creditors, or the Department. Back to Top BRANCHES Q: My mortgage company wants to establish a branch office. How do I accomplish this? A: Click here to download a branch application and instructions. NET BRANCHES Q: Does Georgia allow net branches of mortgage licensees? A: NO. The Department considers the following factors in determining whether an office location qualifies as a branch or is a separate business/legal entity that must be licensed sep
