Connecticut Mortgage Servicer - NMLS Bond
Overview
Connecticut mortgage servicers are required by state law to carry a surety bond as a condition of obtaining and maintaining their NMLS license. This bond protects Connecticut borrowers and the state against financial harm caused by a licensed servicer's failure to comply with state mortgage servicing laws, fraudulent conduct, or mishandling of borrower funds. It signals to regulators and the public that your business is financially accountable for how it handles loan payments, escrow accounts, and related servicing activities.
Who Needs This Bond?
If you service residential mortgage loans in Connecticut — collecting payments, managing escrow accounts, or handling payoffs on behalf of borrowers — you need this bond before the state will issue or renew your NMLS mortgage servicer license. This applies to companies that own the servicing rights and to subservicers acting on behalf of investors or loan owners. If your business operates across state lines, the Connecticut bond covers only your Connecticut-licensed servicing activity.
What is this Bond For?
This bond exists to protect Connecticut borrowers whose mortgage payments, escrow funds, or loan payoff amounts pass through your hands. If your company misapplies payments, fails to remit insurance or tax escrow funds, or otherwise violates Connecticut mortgage servicing requirements, a harmed borrower or the state can make a claim against the bond. The bond does not protect your business — it holds your business financially accountable to the people and regulators you serve.
When is it Required?
Renewal of your Connecticut NMLS mortgage servicer license brings the bond requirement back to the forefront each licensing cycle. You must maintain continuous, active bond coverage throughout the life of your license — any lapse can trigger a license suspension or denial of renewal. Submit evidence of the bond through the NMLS portal as part of your initial application and each subsequent renewal filing.
Where Does it Apply?
This bond is a statewide Connecticut requirement administered through the NMLS multistate licensing system. It covers all residential mortgage servicing activity conducted under your Connecticut mortgage servicer license, regardless of where your company is physically located. Operations in other states require separate bonds under those states' licensing rules.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab, where you can complete your application and purchase your Connecticut Mortgage Servicer NMLS Bond without waiting on an agent. Once issued, your bond documents are available immediately for upload to NMLS.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for licensed financial services businesses that need to move fast. Our nationwide catalog covers NMLS-required bonds in every state, so you can get compliant without hunting down a specialty agent or waiting days for a callback. Buy online, get your documents, and file with NMLS — all in one session.