
Posted by Vicki/MD on 2/15/2005, 10:45 pm, in reply to "100,000 Surety Bond"
70.17.115.159
In MD to do closings you MUST have a title producer's license from the MIA, and in order to obtain the license you must first take a course, pass a test, and then obtain the bond before the license will ever be issued. As of Dec. 1 you must also have an appointment with the title insurance co issuing the title policy for the loan in question. Getting these appointments will require that you have sufficient Title E&O to the tune of $250,000. Contact Chesapeak Insurance in Annapolis for more info.
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