The Texas Department of Insurance has assigned the following TDI Reference Number to a surety bond form submitted by the Texas Savings and Loan Department:
Reference Number TDI-99 BB-155-S&L-PF. Texas Mortgage Broker License Act Bond.
This bond may be used to satisfy the Financial Requirements for a Mortgage Broker contained in Finance Code, Chapter 156, Sec. 156.205. In lieu of maintaining net assets of at least $25,000.00, a surety bond in the amount of at least $50,000.00 may be provided to coincide with the term of the license.
You may obtain copies of the bond from the following state agency:
Texas Savings and Loan Department
2601 North Lamar, Suite 201
Austin, TX 78705
Telephone 512-475-1350
Fax 512-475-1360
Insurers that wish to write the bond described in this bulletin are required to make a filing with the Texas Department of Insurance as outlined in the reference filing procedures contained in Property and Casualty Filings Made Easy currently accessible on our website at www.tdi.state.tx.us.
Assignment of reference numbers does not preclude the independent filing of surety bond forms by insurance companies for approval by the Commissioner. The filing company must confirm that the form(s) meet the statutory requirements of the appropriate state agency, and the state agency finds the forms acceptable.
Questions regarding this bulletin may be addressed to:
Texas Department of Insurance
Irwin Thomas
Commercial Property/Casualty Division MC 104-PC
P O Box 149094
Austin, TX 78714-9094
512-322-3475
Irwin.Thomas@tdi.state.tx.us
Sincerely,
Marilyn Hamilton, Deputy Commissioner
Commercial Property/Casualty Division MC 104-PC