Illinois loan broker bonds.
$250 flat.
Illinois requires a loan broker who arranges loans subject to the Truth-in-Lending Act to maintain a $25,000 surety bond in favor of the State under the Illinois Loan Brokers Act of 1995 — filed with the Secretary of State as a condition of registration. Ours is $250 flat, the price you see is the checkout price. No credit check.
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How much does an Illinois loan broker bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Loan broker registration bonds are among the simplest filings in surety. 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 at $250 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Secretary of State
Your executed bond arrives by email, ready to file with your loan broker registration at the Secretary of State's Securities Department. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Illinois registers loan brokers through the Secretary of State under the Illinois Loan Brokers Act of 1995. A broker who engages in loan brokerage transactions where the loan is subject to the Truth-in-Lending Act must maintain a $25,000 bond in favor of the State, satisfactory to the Secretary of State — and evidence of the bond is filed with the registration application itself.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Illinois (the obligee). The bond stands behind your compliance with the Act — the written-contract, disclosure, and conduct rules that protect people who pay a broker to arrange a loan. The Secretary of State can deny, suspend, or revoke a registration that lets the bond lapse.
It is not insurance for you — if the surety pays a claim, you repay the surety. Registrations run to January 1 of the year after they take effect, so the bond has to stay continuously on file; 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 $25,000 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 with the Secretary of State. Your executed bond arrives by email, ready to file with your loan broker registration at the Secretary of State's Securities Department. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $250 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Illinois mortgage license bonds.
We write 3 mortgage license bonds in Illinois. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Loan Broker Bond ($25,000) (this page) | 815 ILCS 175/15-15(b) | $25,000 | $250 |
| Residential Mortgage License Bond — Exempt Entity (NMLS) | 205 ILCS 635/7-12 | $25,000 or more | From $150 |
| Residential Mortgage License Bond (NMLS) | 205 ILCS 635/7-12 | $25,000 or more | From $150 |
Other Illinois bonds.
The same bond in nearby states.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your loan broker registration today.
$250 flat, issued the moment you pay, no credit check. Free until issued.