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Connecticut · Surety Bond Resource Center

Connecticut surety bonds

Connecticut’s published statewide license bonds in this hub sit with the Department of Motor Vehicles for dealer, repairer, recycler, and leasing credentials, and with the Department of Banking for mortgage, money-transmission, consumer-collection, and debt-adjuster licenses. New and used car dealers post a $60,000 bond under CGS § 14-52; repairers and recyclers use $25,000 on DMV Form K-158; leasing or rental firms for thirty days or longer post $15,000. Mortgage lenders and correspondent lenders file a single NMLS bond between $100,000 and $500,000, and mortgage brokers between $50,000 and $150,000, under the volume schedule in § 36a-492. Money transmitters size under § 36a-602 at $300,000, $500,000, or $1,000,000 from average weekly Connecticut transmission volume (virtual-currency amounts are set by the commissioner). Consumer collection agencies—except sole debt buyers—post $50,000 for the main office and $50,000 for each branch under § 36a-802. Debt adjusters post the greater of $40,000 or twice their average daily Connecticut debtor receipts under § 36a-664. Home improvement and new-home construction registrations rely on Guaranty Funds and liability insurance rather than a statewide contractor license bond. Notary commissions do not require a bond. Credit clinics are regulated by contract rules under § 36a-700 without a statutory bond. Connecticut does not issue a title-agent license.

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Connecticut at a glance

Motor vehicle dealer (new/used)
$60,000

CGS § 14-52(b); DMV Form K-158; commissioner may set a higher amount after financial review.

Repairer / recycler / low-speed
$25,000

Repairer under § 14-52(b); recycler under § 14-67l; K-158 also lists low-speed dealers at this amount.

Mortgage lender / correspondent
$100,000–$500,000

Volume tiers in CGS § 36a-492 for the four quarters ending June 30.

Mortgage broker
$50,000–$150,000

Separate broker volume tiers in § 36a-492.

Money transmitter
$300,000 / $500,000 / $1,000,000

By average weekly CT transmissions; virtual currency by commissioner order (§ 36a-602).

Consumer collection agency
$50,000 per office

Main and each branch; sole debt buyers exempt (§ 36a-802).

Debt adjuster
$40,000+

Greater of $40,000 or 2× average daily CT debtor payments (§ 36a-664).

How it works in this state

How Connecticut bonding is organized

How Connecticut organizes these bonds

Automotive licensing bonds run through the DMV Dealers & Repairers Unit on Form K-158, with amounts tied to the license class in §§ 14-52 and 14-67l. Consumer-credit and money-services bonds run through the Department of Banking’s Consumer Credit Division on NMLS. Mortgage lender, correspondent lender, and broker amounts recompute from residential origination volume after each four-quarter period ending June 30. Money-transmitter amounts recompute from average weekly Connecticut transmission volume for the twelve months ending June 30. Collection-agency and debt-adjuster bonds are separate licenses with their own statutory formulas.

What this hub does not treat as statewide license bonds

Department of Consumer Protection home improvement and new-home construction registrations emphasize Guaranty Fund fees and at least $20,000 of general liability insurance; DCP application pages do not require a statewide contractor bond. Notary appointments from the Secretary of the State do not require a bond—any bond or errors-and-omissions coverage is optional. Credit clinics must follow the contract and fee rules in § 36a-700, but that section does not impose a bond. The Insurance Department lists title-agent licensing as unavailable in Connecticut. Local permit bonds, project bid/performance/payment bonds, and court bonds stay outside this commercial-core set.

Connecticut bond directory

Find your bond requirement

These guides cover license and permit bonds with verified educational content. Your agency notice or application checklist is always the final authority.

Who sets the requirement?

Connecticut licensing agencies

Each agency below sets its own bond requirement. Open the related guide for amounts and filing steps.

Connecticut DMV — Dealers & Repairers Licensing Unit

Licenses motor vehicle dealers, repairers, recyclers, and leasing/rental firms and receives Form K-158 bonds under §§ 14-52, 14-15, and 14-67l.

Open related guide →

Connecticut Department of Banking — Mortgage licensing

Licenses mortgage lenders, correspondent lenders, and brokers through NMLS and receives the single bond required by § 36a-492.

Open related guide →

Connecticut Department of Banking — Money transmission

Licenses money transmitters under §§ 36a-595 to 36a-614 and receives § 36a-602 bonds (or approved investments instead).

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Connecticut Department of Banking — Consumer collection agencies

Licenses consumer collection agencies under §§ 36a-800 to 36a-814 and receives § 36a-802 bonds.

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Connecticut Department of Banking — Debt adjusters

Licenses debt adjusters under §§ 36a-655 to 36a-665 and receives § 36a-664 bonds.

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Before you apply

Confirm these details from the agency notice

Bring these five items when you request a bond. For the full checklist, see how to read a bond requirement.

  1. 1

    Match the DMV license class to the K-158 amount

    Dealers use $60,000. Repairers, recyclers, and low-speed dealers use $25,000 on the current form. Leasing or rental for thirty days or longer uses $15,000. Put the exact DMV business name on the bond.

  2. 2

    Recalculate Department of Banking volume tiers before renewal

    Mortgage amounts follow the four-quarter period ending June 30 under § 36a-492. Money-transmitter amounts follow average weekly Connecticut transmissions for the twelve months ending June 30 under § 36a-602.

  3. 3

    Do not assume a contractor or notary bond

    Home improvement and new-home construction registrations use Guaranty Funds and liability insurance. Notary commissions do not require a bond. Credit-clinic activity under § 36a-700 is not the same as a debt-adjuster license bond.

Learn more about surety bonds

Universal surety concepts explained once—linked here instead of repeated on every state or bond page.

Frequently asked questions

Do Connecticut home improvement contractors need a surety bond?

DCP’s Home Improvement Contractor application materials require at least $20,000 of general liability insurance and registration fees that support the Home Improvement Guaranty Fund. Those pages do not require a statewide HIC bond. Local projects or municipalities can still demand separate security.

Do Connecticut notaries need a bond?

No. The Secretary of the State’s Notary Public Manual states that a bond or errors-and-omissions policy is optional personal protection. The commission itself does not require a bond.

Is a Connecticut credit clinic the same as a debt adjuster?

No. Credit clinics are regulated by contract, disclosure, and fee rules in CGS § 36a-700 without a statutory surety. Debt adjusters are separately licensed by the Department of Banking and must post the § 36a-664 bond.

Does Connecticut license title insurance agents with a bond?

The Connecticut Insurance Department’s licensing table lists Title Agent License as not available in Connecticut. This hub does not publish a title-producer bond guide on that basis.

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Connecticut will be preselected in the application. Choose the bond type on the next step—we verify the current agency form before anything is issued.

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Last verified 2026-08-11. Official sources are retained with this guide and checked before publication.

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