Who requires it
Connecticut Department of Banking — Mortgage licensing
License & permit · Connecticut
Connecticut Mortgage Lender Bond
Connecticut mortgage lenders, mortgage correspondent lenders, and mortgage brokers file one surety bond with the Banking Commissioner covering the main office, branch offices, and sponsored mortgage loan originators. CGS § 36a-492 sets lender and correspondent amounts from $100,000 to $500,000, and broker amounts from $50,000 to $150,000, using aggregate residential mortgage originations for the preceding four quarters ending June 30. Filings run electronically through NMLS.
Common bond amount
$50,000–$500,000
Brokers $50,000–$150,000; lenders/correspondent lenders $100,000–$500,000 by four-quarter volume ending June 30 (§ 36a-492).
How you file
File electronically through NMLS; one bond covers offices and sponsored originators
Renewal
Keep the bond active with the license. Increase the amount when volume moves you to a higher tier.
Who requires it
Licensed Connecticut mortgage lenders, mortgage correspondent lenders, and mortgage brokers, plus exempt registrants that sponsor mortgage loan originators under the bonding rules in § 36a-492. Individual originators are covered through the sponsor’s single bond rather than a separate personal surety under the main company schedule.
How much is required
For lenders and correspondent lenders, § 36a-492(d) starts initial applicants at $100,000, then sets continuing amounts by four-quarter volume ending June 30: under $30,000,000 → $100,000; $30,000,000 to under $100,000,000 → $200,000; $100,000,000 to under $250,000,000 → $300,000; $250,000,000 or more → $500,000. For brokers, initial applicants start at $50,000, then: under $30,000,000 → $50,000; $30,000,000 to under $50,000,000 → $100,000; $50,000,000 or more → $150,000. The commissioner may order a different amount when volume warrants a change.
How to get and file it
Confirm whether you are on the lender/correspondent track or the broker track, compute the amount from the June 30 four-quarter volume report, and authorize a surety authorized in Connecticut to issue the electronic NMLS bond naming the Banking Commissioner. File the electronic bond with the initial main-office application and keep it in force. Licensees file quarterly residential volume reports on NMLS so the amount can be confirmed and the bond increased when volume crosses a tier. Cancellation triggers automatic license suspension unless a replacement is timely filed.
Cost note
Fifty thousand to five hundred thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Lender / correspondent starting amount
- $100,000 on the main-office application
- Broker starting amount
- $50,000 on the main-office application
- Volume measurement
- Aggregate residential originations for four quarters ending June 30
- Coverage
- Main office, branches, and sponsored mortgage loan originators
Official sources
Frequently asked questions
Do Connecticut mortgage loan originators buy their own bond?
Under § 36a-492, originator coverage is provided through the single bond filed by the sponsoring lender, correspondent lender, broker, or covered exempt registrant. The originator’s loan volume feeds the sponsor’s required amount.
When does the mortgage bond amount change?
After each four-quarter period ending June 30, volume may push a lender onto a higher $200,000, $300,000, or $500,000 amount, or a broker onto a $100,000 or $150,000 amount. File any increase the commissioner requires before relying on the old figure.
Related Connecticut bond guides
Money Transmitter Bond
$300,000 / $500,000 / $1,000,000
Connecticut money transmitter applicants and licensees must file a surety bond with the Banking Commissioner under CGS § 36a-602. For firms that do not transmit virtual currency, the statute sets amounts of $300,000, $500,000, or $1,000,000 from average weekly Connecticut money transmissions during the twelve months ending June 30. Transmitters that will or may handle virtual currency receive an amount set by the commissioner to address market volatility. Approved investments may replace part or all of the bond.
Consumer Collection Agency Bond
$50,000 per office
Connecticut consumer collection agencies must post a surety bond before the Department of Banking grants or renews the license. CGS § 36a-802 sets $50,000 for the main office and another $50,000 for each branch office. Agencies engaged solely in debt buying are exempt from the bond. Filings are made electronically on NMLS under the Department’s electronic-bond order.
Debt Adjuster Bond
$40,000+
Connecticut debt adjusters must file a surety bond with the Banking Commissioner before a license issues or renews. CGS § 36a-664 sets the principal amount at the greater of $40,000 or twice the average daily balance of payments received from Connecticut debtors during the twelve months ending June 30. Multi-location applicants file one bond. Credit clinics under § 36a-700 are a different legal category and do not use this schedule.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
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Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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