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Connecticut
Mortgage Servicer Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $10,000 - $200,000
Term Length: 1 year
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Connecticut Mortgage Servicer Bond Guide

If you’re applying for a mortgage servicer license in Connecticut, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To protect mortgagors from financial harm if a servicers acts illegally
  • Who Needs It: Mortgage servicers in Connecticut
  • Regulating Body: The Department of Banking, Consumer Credit Division
  • Required Coverage: $10,000–$200,000
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide. 

What Is a Connecticut Mortgage Servicer Bond?

A Connecticut mortgage servicer bond holds mortgage servicers financially responsible for upholding state laws and regulations. 

If a mortgagor is harmed by your failure to uphold agreements or contracts or not properly converting funds, they can file a bond claim for reimbursement.

How Much Do Mortgage Servicer Bonds Cost?

Connecticut mortgage servicer bonds cost a small percentage of the coverage amount, typically 1–10%.


Exact rates vary based on personal credit score. You may be eligible for premium financing if credit adversely impacts your rate. Apply for your free quote now!

Bond Type
$10,000-$200,000Mortgage Servicer Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Mortgage Servicer Bond? 

The Department of Banking, Consumer Credit Division requires this bond as part of the licensing process for all mortgage servicers in Connecticut.  

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Connecticut mortgage servicer bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll upload the bond instantly online to NMLS on your behalf. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Connecticut Mortgage Servicer Bond Work? 

A mortgage servicer bond creates a legal contract between these three parties: 

  1. Principal: You, the mortgage servicer filing the bond
  2. Obligee: The Department of Banking, Consumer Credit Division requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Connecticut: Public Act 14-89. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your mortgage servicer bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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