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Connecticut Mortgage Broker, Lender or Correspondent Lender Bond


Connecticut Mortgage Broker, Lender or Correspondent Lender Bond Information

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. 

How Much Does a Mortgage Broker, Lender or Correspondent Lender Bond Cost in Connecticut?

Most Common Bonds

Mortgage Broker Bond
Mortgage Loan Servicer Bond
Mortgage Correspondent Lender Bond

$100,000 Bond

Additional Bonds

Mortgage Lender Bond

$100,000 Bond

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Getting Your Connecticut Business License or Registration

All new applications must be submitted to the Department via the National Mortgage Licensing System (“NMLS”).