IN mortgage lender bonds.
$600 flat.
Indiana's Department of Financial Institutions licenses first lien mortgage lenders under IC 24-4.4, and licensure rides on a surety bond filed through NMLS — $100,000 is the amount the DFI requires with a standard mortgage lending application, payable to the department for the benefit of the state and Indiana borrowers under IC 24-4.4-2-402.3. Ours is $600 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
Mortgage lending license 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 entire application — no financials, and any credit screen is a soft pull that never shows as a hard inquiry.
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 mortgage lender bonds are filed through NMLS for the DFI's review. Your executed bond arrives by email, ready to attach to your license record — wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Indiana regulates first lien mortgage lending under IC 24-4.4, administered by the Department of Financial Institutions with licensing and bond filings handled through NMLS. Under IC 24-4.4-2-402.3, a licensed creditor must maintain a surety bond payable to the department, in a penal sum that reflects its mortgage origination volume as determined by the director — $100,000 is the amount the DFI requires with a standard mortgage lending application.
It's a three-party arrangement: you (the principal), the surety carrier, and the DFI as obligee — for the benefit of the state and of Indiana residents who take financial services from the lender. The bond also provides coverage for the licensed mortgage loan originators you employ or sponsor, so one bond backs the whole operation.
It is not insurance for you — if the surety pays a claim, you repay the surety. If the bond is terminated or drawn down by claims, the statute requires notice to the department and a replacement filing, 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 — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Indiana bonds.
Finish your mortgage lending license today.
$600 flat, issued the moment you pay, soft pull only. Free until issued.