Michigan — 2nd Mortgage Broker, Lender License - NMLS Bond
This Michigan second-mortgage broker/lender license bond route keeps arranging and funding together. Use the licensed company's details, rather than the separate registrant or servicing offering.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Michigan
- Bond type
- Mortgage Broker / Lender Bond
- Category
- Financial services
What this bond does
Secure the licensed business's secondary-mortgage conduct and statutory payment obligations.
- Who needs it
- Companies applying for or maintaining a second-mortgage broker/lender license.
- Who it protects
- The bond is payable to the commissioner and supports qualifying borrower, applicant and commissioner claims under the Act.
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
- Licensed company name, NMLS ID and DIFS request.
- Requested amount and effective date.
- Whether you fund loans, receive pre-closing borrower funds or service payments.
Questions about this bond
Is this the registrant product?
No. This title identifies the license route. Use the status assigned in your DIFS instructions rather than choosing by name similarity.
Where do I apply?
Purchase Now opens Propeller in a new tab. Provider review and issuance are separate from your later NMLS tasks and DIFS's license decision.
Must I send DIFS an original bond?
DIFS instructs second-mortgage companies to use NMLS's electronic bond function and not send original bonds or continuation documents directly.