Connecticut Mortgage Lender Bond
Based on Approved Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $100,000 | 1 Year | $600 |
Mortgage lenders operating in Connecticut must meet state licensing and bonding requirements before conducting residential mortgage lending business. Required by the State of Connecticut, the Connecticut mortgage lender bond helps ensure compliance with state mortgage lending requirements and provides financial protection for covered violations.
Cost of the Connecticut Mortgage Lender Bond
The cost of the $100,000 Connecticut mortgage lender bond is $600 per bond term with NNA Surety. Secure this surety bond today.
How the Connecticut Mortgage Lender Bond Works
The Connecticut mortgage lender bond protects consumers by holding licensed mortgage lenders financially accountable for complying with applicable state mortgage lending requirements.
The bond involves three parties:
- Principal: Mortgage lender
- Obligee: State of Connecticut
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Connecticut mortgage lending requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Connecticut Mortgage Lender Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $600 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Connecticut mortgage lender license.
Learn more about your Connecticut surety bond options across the state.
Get Your Connecticut Mortgage Lender Bond
Keep your Connecticut licensing requirements on track by securing your mortgage lender bond today. Complete this form or call 855-457-2196 to get bonded.