CT exempt registrant company bonds.
From $100. Enter your amount.
A company that is exempt from Connecticut mortgage lender, correspondent lender, or broker licensure but still needs to sponsor a mortgage loan originator, loan processor, or underwriter registers with the Department of Banking as an exempt registrant, and CGS § 36a-492 requires that registrant to file the same kind of surety bond a licensee posts before any MLO sponsored by it can be licensed. Premiums cost 0.6% of the bond amount, $100 minimum, and the application includes a credit consent that authorizes a soft pull only — it never affects your score. Enter the bond amount your registration requires and your exact price appears at the application.
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Apply to filed in one sitting.
No separate underwriting queue for the standard exempt registrant bond — enter your amount, consent to a soft pull, and file through NMLS. Here is the whole thing:
Apply online
Your company details, the bond amount your exempt registration requires, the effective date, and a one-time consent to a soft credit pull.
Approved
Most exempt registrant bonds clear quickly at 0.6% of the bond amount, $100 minimum; the soft credit pull informs approval and never affects your score. 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
One application, issued instantly.
These are the actual underwriting fields, including your entity type and a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Connecticut bonds.
Keep your sponsored MLOs licensed.
From $100, 0.6% of the bond amount, soft pull only. Enter the amount your registration requires and file through NMLS the same day. Free until issued.