Connecticut Mortgage Lender Bond
Mortgage lenders in Connecticut must post a surety bond between $100k and $500k, depending on the volume of loans originated in the previous year.
| Dollar Amount of Origination Volume | Bond Amount Required | Annual Premium |
| $0 - $30,000,000 | $100,000 | $600 |
| $30,000,000 - $100,000,000 | $200,000 | $1,200 |
| $100,000,000 - $250,000,000 | $300,000 | $1,800 |
| Over $250,000,000 | $500,000 | $3,000 |
Overview
Mortgage lenders in Connecticut are required to maintain a $100,000 to $500,000 surety bond as a condition of licensure. The NNA has secured $600 to $3,000 flat rates for all Connecticut mortgage brokers to obtain this bond without a credit check ($6 premium per $1,000 liability). This bond meets the licensing requirements for Connecticut mortgage lenders and lasts for one year.