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Illinois bonds

Illinois — Residential Mortgage License (NMLS) Bond

Prepare the Illinois residential mortgage license bond for the business named in your licensing request. This is the ordinary residential-license route, separate from the EE exempt-entity offering.

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Recorded state
Illinois
Bond type
Mortgage Broker / Lender Bond
Category
Financial services

What this bond does

Secure the mortgage business duties specified in the requested Illinois residential license bond.

Who needs it
Company applicants with an Illinois residential mortgage license bond request.
Who it protects
Use the licensing recipient and protected obligations in the actual form. The bond does not grant a license or insure all mortgage losses.

Your bond option

This is the option on record for this bond.

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.

Keep the requested residential scope

Identify the company's lending, brokerage or servicing activities as applicable to its request. Keep the full requested scope clear rather than describing only its loan funding.

Use the ordinary-license instructions for the amount, effective period and filing method. Do not carry the EE form's originator-production basis into this request without support.

Sources

Have these ready

  1. Legal company name and NMLS ID.
  2. Illinois residential license request and business activities.
  3. Required form, sum and effective date.

Questions about this bond

Is EE another name for this bond?

A separate exempt-entity offering is available. Match your ordinary license or exempt registration instructions.

Are loan officer licenses included in the purchase?

No individual license is granted by purchasing company security. Follow the applicable company and individual licensing requirements.

Where does Purchase Now lead?

To Propeller in a new tab for the application. Issuance, execution and required filing follow separately.

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