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Indiana Loan Broker Bond
Bond Requirements and Online Application
The Indiana Loan Broker Bond is required by the Secretary of State. The bond says the bondholder will perform their duties while following the rules and regulations of the state. Loan Brokers must be licensed in order to do business in Indiana. The Loan Broker bond is one of the requirements to being licensed.
What is the bond amount?
The bond amount is based on the previous year’s loan volume.
$50,000 – Less than $5 Million
$60,000 – More than $5 Million less than $20 Million
$75,000 – More than $20 Million
What other requirements need to be submitted to become Licensed in Indiana?
Submit a properly completed application (MU1) through the Nationwide Multistate Licensing System (NMLS). Licensing fee is paid through NMLS and is non-refundable.
Pay $100 to the Securities Division for each of the loan broker’s Ultimate Equitable Owners (“UEO”).
Obtain an FBI background report for each UEO, including any directors, managers and officers, through NMLS.
Submit a properly completed branch application (MU3) through the NMLS for each of the loan broker’s branch office(s) located or engaging in origination activities in Indiana.
Have a unique properly registered principal manager for each office location, including the principal office location.
Where can I get an Indiana Loan Broker Bond?
At Surety1, we make things easy for you. Start the process by completing our easy-to-navigate, free online application form. After that, one of our surety agents will contact you with a no-obligation quote for the bond premium. Once you decide to move forward with us, you just need to pay the bond premium and choose your shipping options. You have the option of having your Indiana Loan Broker Bond mailed through USPS Priority Mail or overnight delivery.
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 Indiana Loan Broker Bond!If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply OnlineUsing our Free & Secure Application2. Get Your Free QuoteApplications are No-Obligation3. Get Your BondMost Bonds are Approved in 1-2 Business Days