Illinois — Residential Mortgage License - EE (Exempt Entity) - NMLS Bond
Illinois' EE residential mortgage bond is for an exempt entity registering to sponsor mortgage loan originators. Prepare the entity's legal name and its originators' Illinois production information.
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- Recorded state
- Illinois
- Bond type
- Mortgage Broker / Lender Bond
- Category
- Financial services
What this bond does
Secure compliance with the Residential Mortgage License Act and applicable originator obligations in the EE form.
- Who needs it
- Exempt entities whose Illinois registration request calls for the EE bond.
- Who it protects
- The bond binds the principal to the State of Illinois, payable to IDFPR, for department obligations and qualifying losses from originator violations.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Illinois IDFPR: Residential Mortgage License Bond, EE (opens in a new tab)Checked October 22, 2026
- NMLS: gathering electronic surety bond requirements (opens in a new tab)Checked October 22, 2026
Have these ready
- Exempt entity name and registration details.
- Illinois year-end production for all relevant originators.
- Required sum, effective date and authorized principal signer.
Questions about this bond
Does the bond establish my exemption?
No. Use the EE route only when it matches your registration instructions. Bond purchase does not approve exempt status.
Is this the ordinary residential license bond?
The ordinary residential license bond has a separate application route. This form expressly identifies an exempt entity sponsoring originators.
How does the application begin?
Purchase Now opens Propeller in a new tab. Provider review and issuance come before execution and IDFPR delivery.