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Illinois mortgage license surety bonds
Illinois Mortgage License Bonds
Illinois mortgage companies and exempt entities may need a surety bond for an Exempt Company Registration, Mortgage Broker License, Exempt Entity Processor Registration, or Mortgage Broker, Lender and/or Servicer authority. Jet Insurance Company helps Illinois mortgage companies quote, purchase, renew, replace, and manage the required bond through the licensing process.
Use this page to compare Illinois mortgage bond limits, view Jet pricing, and choose the correct bond for your Illinois Department of Financial and Professional Regulation or NMLS requirement.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. Illinois mortgage bond requirements can change. Confirm the final license type, bond amount, filing method, and NMLS or Illinois Department of Financial and Professional Regulation checklist before filing.
Illinois Mortgage Bond Quick Answers
Which bonds are covered?
This page covers the Illinois Exempt Company Registration Bond, Mortgage Broker Bond, Exempt Entity Processor Registration Bond, and Mortgage Broker, Lender and/or Servicer Bond.
Who regulates these licenses?
The Illinois Department of Financial and Professional Regulation, Division of Banking regulates residential mortgage licenses, registrations, and related mortgage company bond requirements.
What are common limits?
Most Illinois mortgage bonds use a volume-based scale from $25,000 to $150,000. The Exempt Entity Processor Registration Bond is a fixed $50,000 bond.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your Illinois Mortgage License Bond
The correct Illinois mortgage bond depends on the license or registration type. Illinois uses a volume-based bond schedule for licensed mortgage brokers, mortgage bankers, and registered exempt companies or entities. Exempt independent loan processing entity registrants use a fixed $50,000 bond.
Exempt Company Registration Bond
For exempt mortgage companies or registered exempt entities that need bond coverage tied to Illinois mortgage activity and sponsored mortgage loan originators.
Common limits: $25,000 to $150,000
Starting price: $125 for one year or $13 monthly for the $25,000 bond.
Mortgage Broker Bond
For companies applying for or renewing an Illinois Mortgage Broker License. The bond amount is based on prior-year Illinois residential mortgage loan activity.
Common limits: $25,000 to $150,000
Starting price: $125 for one year or $13 monthly for the $25,000 bond.
Exempt Entity Processor Registration Bond
For exempt independent loan processing entity registrants in Illinois. This bond uses a fixed $50,000 amount rather than the full volume-based scale.
Bond limit: $50,000
Jet pricing: $249 for one year, $25 monthly, $436 for two years, or $623 for three years.
Mortgage Broker, Lender and/or Servicer Bond
For Illinois mortgage companies with broker, lender, banker, and/or servicing authority included in the required bond calculation. This option is useful when the NMLS or state requirement references multiple mortgage activities.
Common limits: $25,000 to $150,000
Starting price: $125 for one year or $13 monthly for the $25,000 bond.
Not Sure Which Bond Applies?
Send Jet the Illinois license type, NMLS company ID if available, bond amount shown on the checklist, and desired effective date. Jet can help match the bond to the correct Illinois mortgage requirement.
Help by phone: (855) 516-3348
Volume-Based Bond Amounts
Illinois mortgage broker, mortgage banker, and exempt company or entity bond limits are based on Illinois residential mortgage loans brokered, processed, underwritten, funded, originated, serviced, or purchased during the preceding calendar year.
Maximum common limit: $150,000
Important: Illinois uses a specific bond scale for licensed mortgage brokers, mortgage bankers, and registered exempt companies or entities. Exempt independent loan processing entity registrants use a fixed $50,000 bond. Always match the bond to the amount shown in NMLS, IDFPR instructions, or the current license checklist before filing.
Illinois Mortgage License Bond Pricing
Jet pricing below follows the same mortgage bond pricing method used on the other state pages. The one-year price is 0.5% of the bond limit. If the calculated one-year price ends in zero, Jet subtracts $1 before calculating multi-year options. The two-year price is 1.75 times the one-year price, and the three-year price is 2.5 times the one-year price. Monthly pricing is 10% of the one-year price, rounded when needed.
| Bond Limit | Common Illinois Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $25,000 | Mortgage Broker, Exempt Company Registration, or Broker/Lender/Servicer bond for $0 to $5 million in prior-year Illinois mortgage activity | $13 | $125 | $219 | $313 |
| $50,000 | Exempt Entity Processor Registration Bond or volume-based bond for over $5 million to $20 million in activity | $25 | $249 | $436 | $623 |
| $75,000 | Mortgage Broker, Exempt Company Registration, or Broker/Lender/Servicer bond for over $20 million to $50 million in activity | $38 | $375 | $656 | $938 |
| $100,000 | Mortgage Broker, Exempt Company Registration, or Broker/Lender/Servicer bond for over $50 million to $100 million in activity | $50 | $499 | $873 | $1,248 |
| $150,000 | Mortgage Broker, Exempt Company Registration, or Broker/Lender/Servicer bond for over $100 million in activity | $75 | $749 | $1,311 | $1,873 |
Pricing shown is preferred-tier pricing and may vary based on underwriting approval, bond form, selected term, effective date, final required bond amount, and license requirements.
Get Illinois Mortgage Bond Pricing
Start a quote online and select the Illinois bond that matches your license or registration. Jet can help confirm whether you need the Exempt Company Registration Bond, Mortgage Broker Bond, Exempt Entity Processor Registration Bond, or Mortgage Broker, Lender and/or Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
Illinois Mortgage Bond Requirements
Illinois mortgage bond requirements are based on the license or registration type and, for most company authorities, the preceding calendar year’s Illinois residential mortgage loan activity. Illinois mortgage bonds are generally administered through NMLS for the applicable license or registration record.
| Illinois License or Registration | Bond Amount | How the Amount Is Determined | Quote |
|---|---|---|---|
| Exempt Company Registration | $25,000 to $150,000 | Based on Illinois residential mortgage loans brokered, processed, underwritten, funded, originated, serviced, or purchased during the preceding calendar year. | Get Quote |
| Mortgage Broker | $25,000 to $150,000 | Based on prior-year Illinois residential mortgage loan activity under the Illinois bond scale. | Get Quote |
| Exempt Entity Processor Registration | $50,000 | Fixed bond amount for exempt independent loan processing entity registrants. | Get Quote |
| Mortgage Broker, Lender and/or Servicer | $25,000 to $150,000 | Based on applicable Illinois residential mortgage loans brokered, processed, underwritten, funded, originated, serviced, or purchased during the preceding calendar year. | Get Quote |
Filing note: Illinois mortgage licensing and registration are handled through NMLS. The bond should be issued for the correct legal name, NMLS company record, license or registration type, and required bond amount.
Illinois Mortgage Bond Amount Scale
Illinois sets the bond amount for licensed mortgage brokers, mortgage bankers, and registered exempt companies or entities based on the preceding calendar year’s Illinois residential mortgage loan activity. The activity calculation can include loans brokered, processed, underwritten, funded, originated, serviced, or purchased, depending on the company’s activity and authority.
| Preceding Calendar Year Illinois Mortgage Activity | Required Bond Amount | Jet 1-Year Price | Quote |
|---|---|---|---|
| $0 to $5,000,000 | $25,000 | $125 | Get Quote |
| $5,000,001 to $20,000,000 | $50,000 | $249 | Get Quote |
| $20,000,001 to $50,000,000 | $75,000 | $375 | Get Quote |
| $50,000,001 to $100,000,000 | $100,000 | $499 | Get Quote |
| Over $100,000,000 | $150,000 | $749 | Get Quote |
Processor registration exception: Exempt independent loan processing entity registrants use a fixed $50,000 bond instead of the full volume-based scale.
Illinois Exempt Company Registration Bond
The Illinois Exempt Company Registration Bond is used by registered exempt companies or exempt entities that need to maintain bond coverage for Illinois mortgage activity and sponsored mortgage loan originators. The required bond amount follows the Illinois volume-based mortgage bond scale.
Registration Type
Illinois Exempt Company Registration or registered exempt company/entity mortgage authority.
Bond Limits
$25,000 to $150,000 based on prior-year Illinois residential mortgage activity.
Starting Price
$125 for one year or $13 monthly for the $25,000 bond.
Before ordering, confirm the registration name, NMLS company ID, effective date, and whether the Illinois checklist requires electronic surety bond filing.
Illinois Mortgage Broker Bond
The Illinois Mortgage Broker Bond is required for companies applying for or maintaining Illinois mortgage broker authority. The bond amount is based on the company’s preceding calendar year Illinois residential mortgage loan activity.
License Type
Illinois Mortgage Broker License.
Bond Limits
$25,000, $50,000, $75,000, $100,000, or $150,000.
Starting Price
$125 for one year or $13 monthly for the $25,000 bond.
The bond is intended to support compliance with Illinois residential mortgage licensing laws and provide a path of recovery for covered violations tied to licensed mortgage activity.
Illinois Exempt Entity Processor Registration Bond
The Illinois Exempt Entity Processor Registration Bond is required for exempt independent loan processing entity registrants. Unlike the broader volume-based mortgage broker and exempt company scale, the exempt independent loan processing entity registration bond is fixed at $50,000.
Registration Type
Illinois Exempt Entity Processor Registration.
Bond Limit
$50,000.
Jet Pricing
$249 for one year, $25 monthly, $436 for two years, or $623 for three years.
The bond should match the entity’s legal name, NMLS record, registration type, and required Illinois bond amount.
Illinois Mortgage Broker, Lender and/or Servicer Bond
The Illinois Mortgage Broker, Lender and/or Servicer Bond refers to bond coverage for Illinois mortgage companies whose licensed or registered activity includes mortgage broker, mortgage lender, mortgage banker, and/or servicing authority. The correct amount is based on the prior calendar year’s Illinois residential mortgage loan activity.
Authority Type
Mortgage broker, mortgage lender, mortgage banker, and/or servicing activity included in the Illinois mortgage bond calculation.
Bond Limits
$25,000 to $150,000 based on the Illinois volume scale.
Starting Price
$125 for one year or $13 monthly for the $25,000 bond.
Use this option when the Illinois or NMLS requirement references multiple mortgage activities, or when the company’s bond amount is calculated from loans brokered, processed, underwritten, funded, originated, serviced, or purchased.
How Illinois Mortgage Bond Quotes Work
1
Choose the License or Registration
Select Exempt Company Registration, Mortgage Broker, Exempt Entity Processor Registration, or Mortgage Broker, Lender and/or Servicer based on the Illinois authority shown in NMLS.
2
Confirm the Bond Amount
Use $50,000 for the Exempt Entity Processor Registration Bond. For other Illinois mortgage bonds, confirm the $25,000 to $150,000 amount based on prior-year Illinois mortgage activity.
3
Buy and File
After purchase, Jet provides the bond or filing guidance based on the current Illinois and NMLS process.
Need an Illinois Mortgage License Bond?
Jet can help you choose the correct Illinois Exempt Company Registration, Mortgage Broker, Exempt Entity Processor Registration, or Mortgage Broker, Lender and/or Servicer Bond, review pricing, and get the bond issued for licensing.
Illinois mortgage bond pricing starts at $125 for one year or $13 monthly for a $25,000 bond. The $50,000 Exempt Entity Processor Registration Bond is $249 for one year or $25 monthly.
Questions? Call (855) 516-3348 or email [email protected].
How Are Illinois Mortgage Bonds Filed?
Illinois residential mortgage licensing and registration are administered through NMLS. The bond should match the correct Illinois company license or registration, legal name, NMLS company record, effective date, and required bond amount.
Jet can provide the required bond document or filing guidance after purchase. Before ordering, confirm whether the bond is for an Exempt Company Registration, Mortgage Broker License, Exempt Entity Processor Registration, or Mortgage Broker, Lender and/or Servicer authority.
NMLS Company Record
The bond should match the company legal name, NMLS ID, and Illinois license or registration type.
Electronic Surety Bond
Illinois mortgage bonds may be handled through NMLS electronic surety bond procedures when required by the current checklist.
Bond Changes
Contact Jet before changing the legal name, DBA, NMLS ID, bond amount, license authority, registration status, or servicing activity.
Illinois Mortgage Bond Renewals, Changes, and Cancellations
Renewing Your Bond
Keep the Illinois mortgage bond active for as long as the license or registration requires coverage. Review the bond before renewal to confirm the company still has the correct Illinois authority and required bond amount.
Changing the Bond Limit
The bond amount may need to change if prior-year Illinois mortgage activity moves into a different bond tier or if the company changes license or registration authority.
Cancelling or Replacing Your Bond
Do not cancel a required Illinois mortgage bond until replacement coverage is accepted or the bond is no longer required. A bond gap can create license or registration issues.
What Does an Illinois Mortgage License Bond Cover?
An Illinois mortgage license bond is designed to protect the public and the state regulator, not the bonded mortgage company. If a licensed or registered company violates applicable Illinois residential mortgage laws, licensing rules, or consumer protection requirements, a consumer or regulator may seek payment from the bond.
A surety bond is different from insurance for the bonded company. If Jet pays a valid claim, the bonded principal is responsible for reimbursing Jet for the amount paid and related costs under the indemnity agreement.
How to Avoid Illinois Mortgage Bond Claims
- Maintain continuous bond coverage for the correct Illinois bond amount.
- Match the bond to the exact legal name, DBA, NMLS ID, license type, registration type, and required bond amount.
- Confirm whether the company needs an Exempt Company Registration, Mortgage Broker License, Exempt Entity Processor Registration, or Mortgage Broker, Lender and/or Servicer bond.
- Update the bond amount when Illinois mortgage activity changes and the company enters a different bond tier.
- Do not advertise or represent loan terms in a misleading way.
- Do not charge unauthorized or prohibited fees.
- Maintain required books, records, mortgage call reports, and consumer disclosures.
- Keep MLO sponsorship, exempt entity, processor, company, and servicing information current in NMLS.
- Respond quickly to Illinois Department of Financial and Professional Regulation and NMLS requests.
- Contact Jet before cancelling, replacing, or changing the bond.
Want to Know More About Mortgage Bond Processes?
Popular Mortgage License Bond Guides
Illinois Mortgage License Bond FAQ
What Illinois mortgage bonds are covered on this page?
This page covers the Illinois Exempt Company Registration Bond, Mortgage Broker Bond, Exempt Entity Processor Registration Bond, and Mortgage Broker, Lender and/or Servicer Bond.
What is the Illinois Exempt Company Registration Bond amount?
The Illinois Exempt Company Registration Bond amount ranges from $25,000 to $150,000 based on the preceding calendar year’s Illinois residential mortgage loan activity.
What is the Illinois Mortgage Broker Bond amount?
The Illinois Mortgage Broker Bond amount ranges from $25,000 to $150,000 based on prior-year Illinois residential mortgage loan activity.
What is the Illinois Exempt Entity Processor Registration Bond amount?
The Illinois Exempt Entity Processor Registration Bond amount is $50,000.
What is the Illinois Mortgage Broker, Lender and/or Servicer Bond amount?
The Illinois Mortgage Broker, Lender and/or Servicer Bond is commonly $25,000 to $150,000, based on the preceding calendar year’s Illinois residential mortgage loan activity.
How much does an Illinois mortgage bond cost?
Jet pricing starts at $125 for one year or $13 monthly for a $25,000 Illinois mortgage bond. The $50,000 Exempt Entity Processor Registration Bond is $249 for one year or $25 monthly.
Are Illinois mortgage bonds filed through NMLS?
Illinois residential mortgage licensing and registration are administered through NMLS. Follow the current Illinois NMLS checklist for the exact bond filing steps.
When does the Illinois mortgage bond amount change?
The Illinois mortgage bond amount may change when prior-year Illinois residential mortgage loan activity moves into a different bond tier or when the company changes license or registration authority.
Who should I contact for Illinois mortgage bond help?
Call Jet at (855) 516-3348, email [email protected], or start a quote online for help choosing, purchasing, renewing, replacing, or changing an Illinois mortgage license bond.
Get the Illinois Mortgage Bond Required for Your License
Start by choosing the Illinois bond that matches your license, registration, or NMLS requirement. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.
Illinois mortgage bond pricing starts at $125 for one year or $13 monthly.
Call: (855) 516-3348
Email: [email protected]