Connecticut Mortgage Broker, Lender or Correspondent Lender Bond

Connecticut mortgage lenders, mortgage correspondent lenders and mortgage brokers must file a surety bond with the state commissioner. The coverage required, or penal sum is set by the state based on the dollar amount of loans originated by such mortgage loan originator. Applicants should verify their specific penal sum required with the state prior to requesting a quote. The bond ensures compliance with the rules, regulations and guidelines established by the state.