Connecticut mortgage servicer addendum bonds.
$600.
A Connecticut mortgage lender licensee that also services residential mortgage loans stays exempt from separate servicer licensing only while it maintains the surety-bond coverage of CGS § 36a-719c: $100,000 per office location. The premium is 0.6% of the bond amount, $100 minimum, so $600 for the $100,000 coverage.
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How much does a Connecticut mortgage servicer addendum bond cost?
$600 for the $100,000 bond: 0.6% of the bond amount.
Three steps. One sitting.
Adding servicer coverage to your lender license 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
The executed servicer addendum files electronically through NMLS against your mortgage lender license record at the Department of Banking. Wet-ink original mailed on request.
What it is and who needs it.
What the addendum actually does
Connecticut regulates residential mortgage servicing under CGS § 36a-715 et seq. A licensed mortgage lender that services the loans it holds does not need a second, standalone servicer license — but the exemption is conditional: the lender must maintain the same surety bond, fidelity bond, and errors-and-omissions coverage that CGS § 36a-719c requires of licensed servicers, at $100,000 per office location. This filing is the surety-bond piece, made as the servicer addendum through NMLS.
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 by the wrongful conversion of funds in your servicing operation can recover against the coverage — 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. Under CGS § 36a-719c, cancellation of the coverage ends the licensing exemption — a lender whose servicer bond lapses must stop servicing or license separately — so 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. The executed servicer addendum files electronically through NMLS against your mortgage lender 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.
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) | 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) (this page) | 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 .
Add servicer coverage to your lender license today.
$600 for the $100,000 coverage, issued the moment you pay, no credit check. Free until issued.