Illinois Residential Mortgage License Bond - Exempt Entity
To obtain an Illinois Residential Mortgage License, applicants must fulfill several requirements. This includes submitting a surety bond, the amount of which is determined by the Illinois Department of Financial and Professional Regulation (IDFPR) based on the loan volume of the licensee. The bond serves as a form of financial security to protect consumers from potential damages caused by the licensee's non-compliance or unethical practices.
No credit check or financials needed up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.
The Simple Bonding Process
Request a free quote or view your price
Take the first step by requesting a free quote or viewing the price to discover unbeatable value.
Sign your contract and pay the premium.
Buy right now or easily get a quote for your surety bond.
Receive your surety or fidelity bond.
It's just that easy!
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