Michigan — 2nd Mortgage Broker, Lender And Servicer License - NMLS Bond
Use this Michigan second-mortgage broker, lender and servicer license bond route when your company needs security for those activities. Start with your company license details and the amount DIFS requests.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Michigan
- Bond type
- Combined Mortgage Origination & Servicing Bond
- Category
- Financial services
What this bond does
The bond secures the company's conduct under the Secondary Mortgage Loan Act and payment obligations described in that Act.
- Who needs it
- Applicants and licensees using Michigan's second-mortgage company license route, including servicing activity.
- Who it protects
- The bond is payable to the commissioner and supports qualifying borrower, applicant and servicing-customer claims. It also secures specified sums owed to the commissioner.
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
- Michigan DIFS: second mortgage license and registration FAQ (opens in a new tab)Checked October 22, 2026
- Michigan Secondary Mortgage Loan Act, sections 2, 3a and 6 (opens in a new tab)Checked October 22, 2026
- NMLS: executing a bond (opens in a new tab)Checked October 22, 2026
Have these ready
- The company's legal name, NMLS ID and second-mortgage license information.
- Requested amount and effective date, with servicing activities identified.
- Contact details for the person authorized to handle your company's NMLS bond tasks.
Questions about this bond
Can I mail the original bond to DIFS?
DIFS instructs licensees to use the NMLS electronic bond function and not send original bonds, riders or continuation certificates directly to the department.
Does the company license authorize my loan officers?
DIFS says individual originators need separate MLO licensing unless statutorily exempt. The company bond purchase does not grant that authority.
What does a bond claim cover?
The Act identifies qualifying claimants and specific losses, including application fees, principal or interest overcharges and excess escrow collections. It is not protection against every loan loss.
Who uploads the bond?
The surety prepares the electronic bond. Your company completes the required signature and Mark Ready steps in NMLS; simply uploading a scan is not the ESB workflow.