Mortgage Surety Bond Information viewing the Certain Programs Definition: A mortgage broker bond is required by the state in which a mortgage broker/lender may be operating in. This bond guarantees the brokers license that he or she will abide by the laws, rules & regulations required under the mortgage broker licensure code. Each state has their own law and as such,
each state has individual bonds.

Just to clarify: If a check is presented on Monday, in many cases it arrives late in the day. "Presentment" occurs during Monday evening's update of the paying bank's computer system. The paying bank's deadline for returning the check is Tuesday at midnight (not Monday).

Just a quick 'does this make any difference' for the gurus - the original poster indicated that the wife wrote 'for deposit only XXXXXX' and then signed the check, I assume, with her name only. Would it have made any difference if the wife had left it at 'for deposit only' and not signed the check?

In most states the issuer of a check has three years to return a check for indorsement purposes. So I am not really sure why people are getting so focused on the midnight next business day deadline. The check was in fact missing an endosement and the issuer was within its rights to return it for that reason. Yes they would have been protected by the warranty but that warranty does not prevent them from looking at the check and returning it when it is clearly missing an endorsement.

Sorry to be mean but I think you were the one at fault. After all you have said the check was made payable to you AND your wife and yet you couldn't be bothered to sign the check before she took it to depsoit.