Connecticut exempt servicer registrant bonds.
$600.
A company exempt from Connecticut mortgage servicer licensing that still services residential mortgage loans must file with the Department of Banking the same $100,000-per-office surety bond a licensed servicer posts (CGS § 36a-719c). The premium is 0.6% of the bond amount, $100 minimum, so $600 for the $100,000 bond.
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How much does a Connecticut exempt servicer registrant bond cost?
$600 for the $100,000 bond: 0.6% of the bond amount.
Three steps. One sitting.
The bond side of your exempt registration is the easy part. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
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.
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.
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.
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 $100,000 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; a longer term is the same price per year, chosen at checkout.
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. 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.
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.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Connecticut mortgage license bonds.
We write 7 mortgage license bonds in Connecticut. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Broker Bond | CGS § 36a-492 | $50,000 or more | From $300 |
| Exempt Mortgage Servicer Registrant Bond ($100,000) (this page) | CGS § 36a-719c | $100,000 | $600 |
| Exempt Registration (Company) Bond | CGS § 36a-492, referencing § 36a-487 | Varies | From $100 |
| Mortgage Correspondent Lender Bond | CGS § 36a-492 | $100,000 or more | From $600 |
| Mortgage Lender Bond | CGS § 36a-492 | $100,000 or more | From $600 |
| Mortgage Servicer Addendum for Mortgage Lenders ($100,000) | CGS § 36a-719c | $100,000 | $600 |
| Mortgage Servicer Bond ($100,000) | CGS § 36a-719c | $100,000 | $600 |
Other Connecticut bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your exempt servicer registration today.
$600 for the $100,000 bond, issued the moment you pay, no credit check. Free until issued.