Michigan — 2nd Mortgage Broker - NMLS Bond
Prepare your Michigan second-mortgage broker bond with the business's licensing details and a description of funds received before closing. This route is distinct from the broker registrant and combined servicing offerings.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Michigan
- Bond type
- Mortgage Broker Bond
- Category
- Financial services
What this bond does
Back the brokerage duties and payment obligations stated in the Secondary Mortgage Loan Act bond.
- Who needs it
- Businesses seeking the Michigan second-mortgage broker bond identified in their licensing instructions.
- Who it protects
- The bond is payable to the commissioner for qualifying statutory claims, including specified borrower and applicant losses.
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
- Broker business name and NMLS ID.
- License request, amount and start date.
- Pre-closing fund arrangements and any lending or servicing activities.
Questions about this bond
Is this an individual loan originator bond?
It identifies the broker business obligation. DIFS says an individual's authority to originate is a separate licensing matter, subject to exemptions.
How do I apply through The Southern Agency?
Select Purchase Now to open Propeller in a new tab. Complete its application; purchase alone does not issue the bond or approve the license.
Should I mail a signed copy to DIFS?
DIFS instructs second-mortgage applicants to use NMLS's electronic bond function, not send original bonds, riders or continuation certificates directly.