Connecticut exempt registrant company bonds.
From $100.
A company exempt from Connecticut mortgage lender, correspondent lender, or broker licensure that sponsors mortgage loan originators registers with the Department of Banking as an exempt registrant, and CGS § 36a-492 requires it to file a surety bond. Premiums cost 0.6% of the bond amount, $100 minimum.
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How much does a Connecticut exempt registrant company bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No separate underwriting queue for the standard exempt registrant bond — enter your amount and file through NMLS. Here is the whole thing:
Apply online
No credit check up to $500,000. Above that, the carrier may run a soft pull, which never affects your score.
Approved
Most exempt registrant bonds clear quickly at 0.6% of the bond amount, $100 minimum. Larger sums tied to higher MLO volume may get a brief review.
File through NMLS
Your executed bond and power of attorney generate for filing against your exempt registrant record with the Department of Banking through NMLS. Wet-ink original mailed on request.
What it is and who needs it.
What the exempt registrant bond actually covers
A company that is exempt from Connecticut mortgage lender, correspondent lender, or broker licensure under CGS § 36a-487 can still sponsor mortgage loan originators, loan processors, or underwriters — but only after it registers as an exempt registrant with the Department of Banking, Consumer Credit Division. Under CGS § 36a-492, no MLO license will issue to an individual sponsored by an exempt registrant until that registrant has filed the required surety bond with the Department.
It is a three-party arrangement: the exempt registrant (the principal), the surety carrier, and the Banking Commissioner (the obligee), with borrowers and the public as the protected parties. The bond covers all mortgage loan originators the registrant sponsors, and its penal sum can reflect the aggregate dollar amount of residential mortgage loans those originators handle — the Commissioner may require a change in the amount if that volume warrants it.
CGS § 36a-492 sets the entry-level minimums for exempt registrants: $100,000 for those exempt under CGS § 36a-487's subdivisions (1) through (3) — generally banks and closely affiliated entities — and $50,000 for those exempt under § 36a-487 subsection (b). An entity that is already required to hold a mortgage license cannot register as exempt instead; it must obtain the proper license. Confirm which paragraph your exemption falls under, and your required minimum, with the Department before filing.
You need this bond if you are
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 and power of attorney generate for filing against your exempt registrant record with the Department of Banking through NMLS. 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 $500,000. 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 $500,000. Above that, the carrier may run a soft pull, which never affects your score. Your price — from a $100 minimum — is set at application.
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) | CGS § 36a-719c | $100,000 | $600 |
| Exempt Registration (Company) Bond (this page) | 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.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your sponsored MLOs licensed.
From $100, 0.6% of the bond amount, no credit check up to $500,000. Enter the amount your registration requires and file through NMLS the same day. Free until issued.