Michigan — 2nd Mortgage Broker, Lender Registrant - NMLS Bond
This Michigan second-mortgage broker and lender registrant bond route is for the registered business named in your DIFS request. Keep it separate from a license application or a servicing bond request.
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- Recorded state
- Michigan
- Bond type
- Mortgage Broker / Lender Bond
- Category
- Financial services
What this bond does
Secure the registered business's secondary-mortgage duties under the requested bond.
- Who needs it
- Second-mortgage broker/lender registrants preparing company security for DIFS.
- Who it protects
- The Act's bond is payable to the commissioner and supports qualifying borrower and applicant claims, plus specified commissioner claims.
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 Secondary Mortgage Loan Act, sections 2, 3a and 6 (opens in a new tab)Checked October 22, 2026
- Michigan DIFS: second mortgage license and registration FAQ (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
- Company legal name and NMLS ID.
- DIFS registration request, requested sum and effective date.
- Lending activities and any funds received from borrowers before closing.
Questions about this bond
Is a registrant the same as a licensee?
Michigan distinguishes them. Use the status in your DIFS application; buying this bond does not establish eligibility to register.
How do I start?
Purchase Now opens Propeller in a new tab for the application. Issuance and your NMLS execution tasks follow; purchase does not approve registration.
Does it include servicing?
This offering is labeled broker/lender registrant. Match any servicing obligation to DIFS's instructions before choosing a combined-role product.