CT exempt servicer registrant bonds.
$600 at checkout.

A company that is exempt from Connecticut mortgage servicer licensing but still services residential mortgage loans registers with the Department of Banking as an exempt mortgage servicer registrant — and CGS § 36a-719c requires the registrant to file the same $100,000-per-office surety bond a licensed servicer posts, alongside a fidelity bond and errors-and-omissions coverage. The premium is 0.6% of the bond amount, $100 minimum — $600 for the $100,000 bond, and the price you see is the checkout price. Any credit screen is a soft pull only — it never affects your score.

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Required of exempt mortgage servicer registrants under CGS § 36a-719c, filed through NMLS

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$100,000 per office location — the same penal sum a licensed servicer posts

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0.6% of the bond amount, $100 minimum — $600 at checkout, no quote process

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How it works

Three steps. One sitting.

The bond side of your exempt registration is the easy part. Here's the entire process:

NOW · ONLINE

Apply online

Business details, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

This bond is checkout-priced — $600, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.

SAME DAY

File through NMLS

Connecticut takes this bond electronically through NMLS — your executed bond files against your registrant record at the Department of Banking. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Connecticut's mortgage servicing law exempts certain companies from holding a full mortgage servicer license — but exemption from licensing is not exemption from the financial-responsibility rules. CGS § 36a-719c requires a person exempt from servicer licensing to file a surety bond of $100,000 per office location, a fidelity bond, and evidence of errors-and-omissions coverage as a condition of registering and servicing Connecticut residential mortgage loans.

It's a three-party arrangement: you (the principal), the surety carrier, and the State of Connecticut (the obligee). Any mortgagor damaged by a failure to perform written agreements or commitments, or by the wrongful conversion of funds, can recover against the bond — and the Banking Commissioner can proceed on it for civil penalties, restitution, and examination costs.

It is not insurance for you — if the surety pays a claim, you repay the surety. Cancellation of the bond ends the exemption, so the filing must stay continuous for as long as you service Connecticut loans; we track the term and send renewal notices 60 and 30 days out.

CGS § 36a-719cConnecticut General Statutes § 36a-719c requires persons exempt from mortgage servicer licensing to file a surety bond in a penal sum of $100,000 per office location, a fidelity bond, and evidence of errors-and-omissions coverage. Mortgagors damaged by a failure to perform written agreements or by wrongful conversion of funds may proceed on the bond, and the commissioner may recover civil penalties, restitution, and examination costs against it. A registrant whose coverage cancels ceases to be exempt. Confirm your registration requirements with the Department of Banking.

You need this bond if you're

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Registering as an exempt mortgage servicer with the Connecticut Department of Banking through NMLS

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A company servicing Connecticut loans under a licensing exemption rather than a servicer license

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Renewing your registration and your current bond is expiring or non-renewing

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Adding an office location — each location carries its own $100,000 of coverage

One application, issued instantly.

These are the actual issuing fields — business details, an effective date, and a soft-pull credit consent that never affects your score.

Start the application →

FAQ

Common questions.

How much is the Connecticut exempt mortgage servicer registrant bond?The premium is 0.6% of the bond amount, $100 minimum — $600 for the statutory $100,000 per-office bond, and the price you see is the checkout price. The bond amount is set by CGS § 36a-719c, so there is no quote process.

I'm exempt from licensing — why do I still need a bond?CGS § 36a-719c separates licensing from financial responsibility: an exempt person who services Connecticut residential mortgage loans must still register and file the same surety bond, fidelity bond, and E&O coverage a licensed servicer maintains. Cancellation of the coverage ends the exemption.

Do I pay the $100,000?No. You pay $600. The $100,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

How does the bond get to the Department of Banking?Connecticut takes this bond electronically through NMLS — the executed bond files against your exempt registrant record. You also receive your e-signed copy by email, with a wet-ink original mailed on request.

Related bonds

Other Connecticut bonds.

Finish your exempt servicer registration today.

$600 for the $100,000 bond, issued the moment you pay, soft pull only. Free until issued.

Start application

Your price$600

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