Indiana mortgage lender bonds.
$600 flat.
Indiana's Department of Financial Institutions licenses first lien mortgage lenders, and licensure rides on a surety bond filed through NMLS. The DFI requires $100,000 with a standard mortgage lending application, payable to the department under IC 24-4.4-2-402.3. Ours is $600 flat.
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How much does an Indiana mortgage lender bond cost?
$600 at the $100,000 amount, the same for every applicant.
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 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 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
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 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 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 — business details, an effective date, and a term. That is the entire application.
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) | 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) (this page) | 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 mortgage lending license today.
$600 flat, issued the moment you pay, no credit check. Free until issued.