Michigan 2nd Mortgage Broker, Lender, Servicer Regisrant Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $125,000 | 1 Year | $750 |
Cost of the Michigan 2nd Mortgage Registrant Bond
NNA Surtey has secured a $150 annually premium for its $25,000 Michigan 2nd Mortgage Broker/Lender Registrant Bond and $750 annually for its $125,000 Michigan 2nd Mortgage Broker/Lender/Servicer Bond. Complete this form to secure your bond.
How the Bond Works
Michigan permits proof of financial responsibility to be provided through a corporate surety bond payable to the state regulator. The NMLS electronic bond form covers a principal authorized as a secondary mortgage broker, lender, and/or servicer and is conditioned on compliance with Michigan's Secondary Mortgage Loan Act and applicable rules.
Principal: Michigan secondary mortgage broker, lender, and/or servicer registrant
Obligee: State of Michigan / Department of Insurance and Financial Services
Surety: Corporate surety approved by the Michigan regulator
Learn about the surety bond claim process for general information about surety claims and reimbursement obligations.
How to Get the Michigan 2nd Mortgage Registrant Bond
1. Confirm whether the registration covers broker/lender activities only or includes mortgage servicing.
2. Use the applicable statutory amount: $25,000 for the broker/lender tier when required, or $125,000 when acting as a servicer.
3. Complete this online application.
4. Confirm the final premium shown for bond_id 11624 before payment.
5. Complete the NMLS Electronic Surety Bond process and maintain the required coverage.
Review the Michigan DIFS 2nd Mortgage License/Registration FAQ and Michigan Secondary Mortgage Loan Act for current requirements.
Get Your Michigan 2nd Mortgage Registrant Bond
Start the supplied Michigan 2nd Mortgage Registrant Bond application online.
For assistance, call 855-215-2160.