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Connecticut Mortgage Broker Bond

Bond Requirements and Online Application

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

The Connecticut Mortgage Broker Bond ensures the principle will abide by all Connecticut state laws and regulations along with the provisions of Section 36a-485 to 36a-498f (inclusive), 36a-534a and 36a-534b of the Connecticut General Statutes.

Connecticut Mortgage Broker Bond

The amount of a Connecticut Mortgage Broker Bond is between $50,000 and $150,000 depending on the loan volume of the applicant. The required bond amount for first time applicants is $50,000. 

The price for the bond, also known as the bond premium, is only a small fraction of the bond amount. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.

Bond Valid: Continuous – Renewable 

Since this bond is continuous, it remains in full force and effect until cancelled. If the bond is cancelled, the obligee must be notified of the cancellation at least 30 days before the cancellation date.

Licensing Fees and Requirements:

  • Surety bond
  • Application through NMLS
  • Qualifying Individual: must have at least three years of experience in the mortgage business, within
    the five years immediately preceding the application.
  • Financial Statements demonstrating a net worth of at least $50,000
  • Certificate of Authority
  • Formation Document
  • $600 licensing fee

CLICK HERE to read more about the licensing requirements from the CT Department of Banking

All licensing fees are required by the obligee, not the surety company.

APPLY for this bond by filling out our online application here.

How to Get Your Connecticut Mortgage 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 Connecticut Mortgage Broker Bond!   If you have any questions, please call us at 877-654-2327.
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