Connecticut mortgage lender bonds.
From $600.
Connecticut licenses mortgage lenders through the Department of Banking, and CGS § 36a-492 requires one surety bond covering your offices and every mortgage loan originator you sponsor. The penal sum runs $100,000 up to $500,000, tiered by loan volume. The premium is 0.6% of the bond amount.
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How much does a Connecticut mortgage lender bond cost?
0.6% of the bond amount, from $600 at the $100,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The bond side of your NMLS license is the easy part. Here's the entire process:
Apply online
No credit check up to $250,000. That is the application.
Pay & e-sign
The premium is 0.6% of the bond amount you entered, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Connecticut takes mortgage bonds electronically through NMLS — your executed bond files against your license record at the Department of Banking. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A Connecticut mortgage lender — a licensee that makes residential mortgage loans in its own name — files a single surety bond with the Banking Commissioner under CGS § 36a-492. One bond covers the main office, all branch offices, and every mortgage loan originator the licensee sponsors; no sponsored MLO license issues without it.
The penal sum is tiered to the residential mortgage loans you originated during the preceding four quarters ending June 30th: $100,000 under $30 million, $200,000 from $30 million to $100 million, $300,000 from $100 million to $250 million, and $500,000 at $250 million and above — with a $100,000 statutory floor.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Connecticut (the obligee). Borrowers and prospective borrowers damaged by an unsatisfied judgment arising from nonprime home loan work can recover on 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, 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. Connecticut takes mortgage bonds electronically through NMLS — your executed bond files against your license 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 up to $250,000. 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 $250,000.
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 | 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 (this page) | 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 .
Finish your mortgage lender license today.
0.6% of the bond amount, issued the moment you pay. Free until issued.