Connecticut exempt registrant debt negotiator bonds.
From $100.
A Connecticut debt negotiation licensee exempt from mortgage licensing that sponsors loan originators as an exempt registrant files this bond with the Department of Banking (CGS § 36a-671d). The penal sum, tiered by loan volume, is $50,000, $100,000, or $150,000. The premium is 0.6% of the bond amount, $100 minimum.
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How much does a Connecticut exempt registrant debt negotiator bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The bond side of your exempt registrant filing is the easy part. Here's the entire process:
Apply online
No credit check up to $100,000. That is the application.
Pay & e-sign
The premium is 0.6% of the bond amount you entered, $100 minimum, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Your executed bond arrives by email, ready to file with your exempt registrant record through NMLS to the Department of Banking. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Connecticut's mortgage loan originator law requires every MLO to be covered by a surety bond filed by the person who sponsors them. A debt negotiation licensee that is exempt from licensure as a mortgage lender, correspondent lender, or broker — but sponsors at least one MLO as an exempt registrant — files this bond under CGS § 36a-671d instead of the standard $50,000-per-location debt negotiator bond alone.
The penal sum is tiered to the aggregate residential mortgage loans negotiated by all sponsored MLOs during the preceding twelve-month period ending July 31st: $50,000 under $30 million, $100,000 from $30 million to $50 million, and $150,000 at $50 million and above.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Connecticut (the obligee). Debtors and mortgagors damaged by a failure to perform written agreements — and mortgagors holding unsatisfied judgments arising from nonprime home loan work — can recover on the bond, and the Banking Commissioner can proceed on it for civil penalties and examination costs. It is not insurance for you — if the surety pays, you repay the surety.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File through NMLS. Your executed bond arrives by email, ready to file with your exempt registrant record through NMLS to the Department of Banking. Wet-ink original mailed on request.
What sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. No credit check up to $100,000.
Start the application →Common questions.
Other Connecticut bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your exempt registrant bond filed today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.