This surety bond is required by the Illinois Department of Financial and Professional Regulation to ensure that the bond holder abides by the provisions of said Residential Mortgage License Act of 1987 (P.A. 85-735) and all amendments. The required bond amount varies; currently, the bond must be no less than $20,000, but minimum bond amounts are determined annually by the Director in compliance with 38 Ill. Adm. Code 1050.490. To determine the cost of this bond, simply complete our easy online application.
To Obtain an Illinois Residential Mortgage License Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.