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Small & Emerging Contractors


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SFAA Makes Presentation on Mortgage Broker Bonds to NC General Assembly

Wednesday, April 23, 2014  
Robert Duke, SFAA's Corporate Counsel, made a presentation to the NC General Assembly Committee on Banking Law Amendments regarding mortgage broker bonds. The Committee is considering revisions to the bond requirement, which currently is among the toughest in the country. Duke explained how bonds are underwritten and how tough terms may affect availability. He also stressed the prequalification value of bonds.

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