MI loan originator bonds.
From $100. Enter your amount.

Every licensed Michigan mortgage loan originator must provide — or be covered by — a surety bond under MCL 493.159 of the Mortgage Loan Originator Licensing Act. The individual bond is tiered to your prior-year loan volume: $10,000, $25,000, or $50,000. 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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Required for a Michigan mortgage loan originator license under MCL 493.159

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Amount tiered to loan volume — $10,000, $25,000, or $50,000 by prior-year originations

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0.6% of the bond amount, $100 minimum — exact price at the application

0.6% rate$100 minimumExactprice at the applicationSoft pullnever a hard inquiry

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How it works

Apply to filed in one sitting.

No quote round-trip — enter your amount, pay, and the executed bond goes out the same day. Here is the whole thing:

NOW · ONLINE

Apply online

Your details, the bond amount your volume tier requires, and an effective date — that is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

The premium is 0.6% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

Sign & file the original

Your e-signed bond arrives by email the day you buy, and the wet-ink original follows by mail — sign it as principal, then file it with the Michigan Department of Insurance and Financial Services.

About this bond

What it is and who needs it.

What the MLO bond covers

Michigan licenses individual mortgage loan originators under the Mortgage Loan Originator Licensing Act, 2009 PA 75. MCL 493.159 requires each licensed originator to provide a surety bond to the commissioner — or be covered by a bond their sponsoring employer files.

The individual bond is tiered to the Michigan mortgage loans you originated in the preceding year: $10,000 under $12 million, $25,000 from $12 million to $24 million, and $50,000 at $24 million or more.

It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay continuously in place while you hold the license; we track the term and send renewal notices 60 and 30 days out.

MCL 493.159Section 29 of the Mortgage Loan Originator Licensing Act requires each mortgage loan originator to provide to the commissioner, or be covered by, a surety bond in an amount reflecting prior-year loan volume: $10,000 under $12 million, $25,000 from $12 million to $24 million, and $50,000 at $24 million or more. An originator who is an employee or exclusive agent of a sponsor may instead be covered by the sponsor’s consolidated bond.

You need this bond if you're

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Applying for a Michigan MLO license — the bond files with your application

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Originating without sponsor coverage — independent MLOs bond individually when no sponsor bond covers them

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Stepping up a volume tier — the required amount rises at $12M and $24M

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Renewing your license — the bond must stay continuously on file

One application, issued instantly.

Submit the application with the bond amount your volume tier requires — the executed bond is generated the moment you pay, ready to sign and file.

Start the application →

FAQ

Common questions.

How much is the Michigan mortgage loan originator bond?The premium is 0.6% of the bond amount, $100 minimum. The bond amount is your MCL 493.159 volume tier — $10,000, $25,000, or $50,000 — so your exact price appears at the application, before you pay.

Which bond amount do I enter?Your tier under MCL 493.159: $10,000 if you originated under $12 million in Michigan loans last year, $25,000 from $12 million to $24 million, and $50,000 at $24 million or more. New licensees typically start at $10,000.

Can my employer’s bond cover me instead?Yes — if you are an employee or exclusive agent of a sponsor and that sponsor files a consolidated surety bond with the commissioner, you can be covered under it instead of bonding individually.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 0.6% of the bond amount either way.

How is the bond delivered?Your e-signed bond arrives by email the day you buy, and the wet-ink original follows by mail. Sign the original as principal before filing it with the Michigan Department of Insurance and Financial Services.

Related bonds

Other Michigan bonds.

MLO bond, issued today.

0.6% of the bond amount, $100 minimum, with your exact price at the application. Enter your tier and file the same day.

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Your premiumfrom $100

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