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Connecticut Mortgage Loan Originator Bond

Bond Requirements and Online Application

The Connecticut Mortgage Loan Originator Bond is required by the Connecticut Commissioner of Banking.

Connecticut Mortgage Loan Originator Bond

According to Connecticut General Statute 36a-485 (2012), a “mortgage loan originator” is a person who for compensation or gain:

  • Takes a residential mortgage loan application or
  • Offers or negotiates terms of a residential mortgage loan

In order to be eligible for licensure as a Mortgage Loan Originator in the State of Connecticut, each applicant must file a Surety Bond with the Commissioner.

Apply here for your Connecticut Mortgage Loan Originator Bond!

The required bond amount depends on the dollar amount of loans originated in the previous year:

  • For a loan volume less than $30,000,000, a $50,000 bond is required.
  • For a loan volume between $30,000,000 and $50,000,000, a $100,000 bond is required.
  • For a loan volume more than $50,000, a $150,000 bond is required.

Complete our easy online Mortgage Industry Bond Application and get a free quote on your Connecticut Mortgage Loan Originator Bond!

The Connecticut Mortgage Loan Originator Bond ensures that the Principal will perform all business in faithful compliance with Connecticut General Statute Title 36a, Chapter 668. The bond also guarantees client protection and provides compensation if the client is injured by any wrongdoing by the Principal.

License Requirements and Fees:

  • Surety Bond
  • Proof of Financial Responsibility
  • Pre-licensure Education
  • Testing
  • Criminal Background Check
  • Credit Report & Explanations
  • Disclosure Questions
  • Legal Name / Status Documentation

All fees are required by the Obligee, not the Surety Company.

CLICK HERE for more licensing information from the Connecticut Department of Banking.

APPLY TODAY for your Connecticut Mortgage Loan Originator Bond!

How to Get Your Connecticut Mortgage Loan Originator Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Connecticut Mortgage Loan Originator Bond!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

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