What is the relationship between a mortgage company's loan volume and its surety bond requirement in Pennsylvania?
Correct Answer
A) Bond amount may increase based on the volume of loans originated
Pennsylvania may require higher surety bond amounts for mortgage companies with higher loan origination volumes, as greater volume increases potential consumer exposure and risk.
Why This Is the Correct Answer
Pennsylvania may require higher surety bond amounts for mortgage companies with higher loan origination volumes, as greater volume increases potential consumer exposure and risk.
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