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Indiana Mortgage Loan Broker Bond

Bond Requirements and Online Application

The Indiana Mortgage Loan Broker Bond is required by the Indiana Secretary of State Securities Division.

Indiana Mortgage Loan Broker Bond

According to the Indiana Loan Broker Act (Ind. Code Section 23-2-5), a “loan broker” is any person who procures a residential mortgage loan from a third party or any other person, whether or not the person seeking the loan actually obtains the loan. In order to conduct business as a licensed loan broker in the State of Indiana, all applicants must file a surety bond with the Securities Commissioner.

Click here to access our fast and easy Mortgage Industry Bond Application! 

The required bond amount depends on the applicant’s loan volume of the previous year:

  • A loan volume less than $5,000,000 requires a $50,000 surety bond.
  • A loan volume between $5,000,001 and $20,000,000 requires a $60,000 surety bond.
  • A loan volume more than $20,000,000 requires a $75,000 surety bond.

The Indiana Mortgage Loan Broker Bond ensures the licensee’s compliance with the Indiana Loan Broker Act. It is in favor of the state and guarantees payment of damages to any person injured by any wrongdoing of the licensee. Loan broker licensees must renew their license annually between November 1 and December 31. The license expires on December 31 of the year it was issued.

Complete our online Mortgage Industry Bond Application and get a free quote on your Indiana Mortgage Loan Broker Bond!

License Requirements and Fees:

  • Surety Bond
  • Secretary of State Documentation
  • Ultimate Equitable Owners
  • Business Registration
  • Consent to Service of Process
  • MU2 Individual FBI Criminal Background Check
  • Disclosure Questions

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

CLICK HERE for more licensing information from the Indiana Secretary of State Securities Division.

APPLY for your Indiana Mortgage Loan Broker Bond today!

How to Get Your Indiana Mortgage Loan Broker 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 Indiana Mortgage Loan Broker 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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