Michigan — 2nd Mortgage Broker Registrant - NMLS Bond
Use this Michigan second-mortgage broker registrant bond application for the business registered with DIFS. Have your registration details and borrower-fund arrangements ready before continuing to Propeller.
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
Secure the registrant's secondary-mortgage brokerage obligations under the requested form.
- Who needs it
- Michigan second-mortgage brokers using the registration route.
- Who it protects
- The statutory security is payable to the commissioner and supports qualifying loan-applicant and borrower claims and 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 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
- Registered business name and NMLS identifier.
- Your DIFS request and registration category.
- Description of pre-closing receipts and any lending activity.
Questions about this bond
Is this the broker license offering?
It is labeled registrant. Match your DIFS status; the separate second-mortgage broker offering should not be substituted solely because its name is similar.
Do I need an issued bond to start?
No. Purchase Now opens Propeller in a new tab to begin the application. Issuance comes later, followed by required execution and delivery.
Does registration license an individual originator?
DIFS treats individual MLO licensing separately, subject to statutory exemptions. A company bond purchase does not authorize an employee to originate loans.