IN 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 mortgage loan originators it employs or sponsors — the CUSO still registers with the Department of Financial Institutions through NMLS and maintains a surety bond behind those MLOs. The DFI's exempt company registration takes a $100,000 bond. Ours is $600 flat, the price you see is the checkout price, and the bond issues the moment you pay. The application collects no credit information.
Trusted by industry leaders
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's the entire application — no financials, no credit section.
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
One application, issued instantly.
These are the actual issuing fields — no credit section, because this application doesn't collect credit information.
Start the application →Common questions.
Other Indiana bonds.
Finish your CUSO exempt company registration today.
$600 flat, issued the moment you pay, no credit section. Free until issued.