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Indiana Loan Broker Bond

The Indiana Loan Broker Bond is required to obtain and maintain a loan broker license in Indiana. The bond amount ranges from $50,000 to $75,000 based on loan origination volume, with $60,000 being the standard for brokers originating $5-20 million in loans annually. This bond protects consumers from fraud, misreprese…

Bond amount$60,000
State or jurisdictionIndiana
ObligeeIndiana Secretary of State, Securities Division

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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Overview

What it is.

The Indiana Loan Broker Bond is required to obtain and maintain a loan broker license in Indiana. The bond amount ranges from $50,000 to $75,000 based on loan origination volume, with $60,000 being the standard for brokers originating $5-20 million in loans annually. This bond protects consumers from fraud, misreprese…

Who usually needs it

Loan brokers and mortgage brokers who procure residential mortgage loans from third parties for Indiana consumers. Anyone engaging in loan brokerage business in Indiana must be licensed through the Securities Division and maintain this surety bond.

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Frequently asked

Common questions.

What is the bond amount for the Indiana Loan Broker Bond?

The Indiana Loan Broker Bond amount varies based on your loan origination volume: $50,000 if you originated less than $5 million in residential mortgage loans in the previous year, $60,000 if you originated $5-20 million, and $75,000 if you originated over $20 million. Most loan brokers require the $60,000 bond amount.

Who needs an Indiana Loan Broker Bond?

Anyone engaging in loan brokerage business in Indiana needs this bond. This includes loan brokers and mortgage brokers who procure residential mortgage loans from third-party lenders for Indiana consumers. The bond is required to obtain and maintain a loan broker license through the Indiana Secretary of State Securities Division and must be filed electronically through NMLS.

What statute requires the Indiana Loan Broker Bond?

The Indiana Loan Broker Bond is required under Indiana Code 23-2-5-4 and 23-2-5-5. These statutes mandate that loan brokers obtain a license from the Securities Division and provide evidence of a surety bond. The bond must be in favor of the state and secure damages from any violations by the licensee or its employees.

Next step

Ready to move forward?

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