IL exempt entity mortgage bonds.
From $100. Enter your amount.
An Illinois exempt company or entity registrant — an organization exempt from full residential mortgage licensure that still sponsors licensed mortgage loan originators — must file and maintain a surety bond through NMLS covering each sponsored originator under the Residential Mortgage License Act of 1987. The amount reflects Illinois loan volume, from $25,000 to $150,000. The premium is 0.6% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Apply to filed in one sitting.
Enter your amount, pay, and satisfy the NMLS bond requirement. Here is the whole thing:
Apply online
Entity details, the bond amount your volume tier requires, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 0.6% of the bond amount, $100 minimum — a $25,000 floor bond prices at $150 — and the bond issues the moment you pay, executed bond and power of attorney on the spot.
File with your NMLS record
Submit the bond against your exempt company registration record so IDFPR can verify coverage for your sponsored loan originators.
What it is and who needs it.
What the bond actually guarantees
Some organizations — certain subsidiaries and other entities carved out of full licensure — originate Illinois residential loans as exempt company or entity registrants under the Residential Mortgage License Act of 1987, 205 ILCS 635, while still sponsoring state-licensed mortgage loan originators. Section 7-12 requires each of those originators to be covered by a surety bond, so the registrant files and maintains one electronically through NMLS.
It's a three-party arrangement: you (the principal), the surety carrier, and the State (the obligee). The bond stands behind your sponsored originators' compliance with the Act, with the penal sum maintained at an amount reflecting the dollar volume of loans originated, as determined by the Director — the Department's rules tier it from $25,000 to $150,000.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond re-tiers as your sponsored originators' Illinois volume changes; we issue the amount your registration requires and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — entity details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Illinois bonds.
Exempt entity bond, issued today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.