Insurance, mortgage and finance bonds

Michigan Mortgage Loan Originator - (Individual) Bond. 0.6%, $100 min.

The Michigan Mortgage Loan Originator - (Individual) Bond costs 0.6% of the bond amount a year with BLDAssure. The regulator usually requires this bond before it issues the license. It protects customers' money if the business breaks the rules.

Start the applicationBond details
  • Issued instantly once paid
  • No credit check
  • A-rated surety carriers
  • Issued through Propeller Bonds
  • See your price before you pay
Your price

0.6% of the bond amount

Minimum premium$100
Bond amount
$1000.6% × $10,000 = $60, so the $100 minimum applies
  • Issued instantly once paid
  • No credit check
Start the application

The surety's published rate. You see the final price before you pay.

Price checked on Propeller Bonds' rate sheet, Oct 17, 2026.

How it works

Three steps to your bond.

  1. 01Apply onlineAnswer a few questions about your business. It takes a few minutes.
  2. 02Pay and get your bondPay the price shown and the surety issues your bond right away.
  3. 03File itSign the bond and file it with the agency that asked for it. We help with the filing.
About this bond

What the Michigan Mortgage Loan Originator - (Individual) Bond is for

The regulator usually requires this bond before it issues the license. It protects customers' money if the business breaks the rules.

The bond amount is set by the agency, utility or fund that asks for it. If the bond holder doesn't meet their obligations, a valid claim is paid up to that amount, and the bond holder repays the surety.

What the price depends on

The surety's published rate. You see the final price before you pay.

FAQs

Common questions.

How much does the Michigan Mortgage Loan Originator - (Individual) Bond cost?

0.6% of the bond amount, with a $100 minimum. The agency that asks for the bond sets the amount; use the calculator above to see your price. The surety's published rate. You see the final price before you pay.

Do I pay the full bond amount?

No. You pay the premium shown above. The bond amount is the most the surety would pay on a valid claim, and you'd repay the surety for any claim it pays.

Is there a credit check?

No. This bond is approved from your application, with no credit check.

How fast is it issued?

Instantly. Once you've paid, the surety issues the bond and you can download it.

Who issues the bond?

Propeller Bonds, our surety partner, issues it with A-rated carriers. BLDAssure handles your application and service.

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Get your Michigan Mortgage Loan Originator - (Individual) Bond today.

0.6%, $100 min. Apply online in a few minutes.

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