Indiana CUSO exempt company bonds.
$600 flat.
A credit union service organization (CUSO) is exempt from Indiana mortgage lending licensing as an entity, but that exemption doesn't cover the loan originators it employs or sponsors. It still registers with the Department of Financial Institutions through NMLS, with a $100,000 bond. Ours is $600 flat.
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How much does an Indiana CUSO exempt company bond cost?
$600 at the $100,000 amount, the same for every applicant.
Three steps. One sitting.
CUSO exempt company 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 $600 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Indiana CUSO exempt company bonds are filed through NMLS for the DFI's review. Your executed bond arrives by email, ready to attach to your registration — wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A state or federal credit union service organization is exempt from Indiana mortgage lending licensing as an entity under IC 24-4.4-1-202(7). But a CUSO is a legal entity distinct from the credit union that owns it, so that exemption does not extend to the mortgage loan originators the CUSO employs or sponsors — under IC 24-4.4-2-402.3 (recodified into Title 37 by SB 169, effective July 1, 2026), a person exempt from licensing that employs or sponsors a licensed MLO must still maintain a surety bond, and the Department of Financial Institutions registers that CUSO through NMLS with a $100,000 bond on file.
It's a three-party arrangement: the CUSO (the principal), the surety carrier, and the DFI as obligee — for the benefit of the state and of Indiana residents who receive financial services. The bond provides coverage for the exempt CUSO and for each licensed MLO it employs or sponsors, so your originators' licenses stay backed by one filing.
It is not insurance for you — if the surety pays a claim, you repay the surety. If the bond is reduced by a claim or terminated by the surety, the statute requires notice to the director and a replacement filing within 30 days, so the bond has to stay continuously in force; 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. Indiana CUSO exempt company bonds are filed through NMLS for the DFI's review. Your executed bond arrives by email, ready to attach to your registration — wet-ink original mailed on request.
What sets the price
The premium is fixed at $600 at the $100,000 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. No credit check.
Start the application →Common questions.
Indiana mortgage license bonds.
We write 5 mortgage license bonds in Indiana. 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 ($60,000) | IC 23-2.5-4-12 | $60,000 | $360 |
| Exempt Company Registration Bond — CUSO ($100,000) (this page) | IC 24-4.4-2-402.3 | $100,000 | $600 |
| Exempt Company Registration Bond ($100,000) | IC 24-4.5-3-503.3 | $100,000 | $600 |
| Mortgage Lender Bond ($100,000) | IC 24-4.4-2-402.3 | $100,000 | $600 |
| Small Loan Lender Bond | IC 24-4.5-7-413 | Varies | From $100 |
Other Indiana bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your CUSO exempt company registration today.
$600 flat, issued the moment you pay, no credit check. Free until issued.