Illinois Surety Bonds
Search bonds specific to Illinois
Surety Bond Requirements in IL
Various regulatory authorities in Illinois require many professionals, contract workers, and companies to be bonded before they can conduct business in the state. You must have a proper surety bond in place if you are an appraisal management company (AMC), motor vehicle dealer, plumbing contractor, roofing contractor, or residential mortgage broker.
Most Illinois surety bonds have a fixed liability amount, while some vary. For example, residential mortgage brokers may need a license bond in the amount of $20,000, $50,000, $75,000, $100,000, or $150,000. These bond amounts (also knows as the penal sum) are determined by the state regulator based on the broker's volume of loan applications in the previous calendar year.
If you need a surety bond to comply with Illinois bonding regulations, we can help. NNA Surety Bonds has been providing policies to businesses across the United States since 1957.