Connecticut will transition to Electronic Bonds (ESB) on November 1, 2021. Any claim submitted on or after that date will need to submit a bond through the ESB platform.
All other bonded license holders will be able to transition from that date, but will have to complete the process by March 1, 2022.
A detailed order outlining other areas of concern to licensees is expected to be released later this week.
The Nationwide Multistate Licensing System (NMLS) offers a new ESB course available on the NMLS Resource Center for all ESB related information and to help with the process of converting and creating new obligations in NMLS. This e-learning tool aggregates and consolidates all the different resources and information available on the NMLS Resource Center and the Conference of State Bank Supervisors Learning Management System.
The ESB course contains recorded webinars, documentation, workflows and other valuable resources for surety companies, surety producers and NMLS licensees.
Please visit the ESB for Licensees page on the NMLS Resource Center for more information.
Information regarding license types, bond forms and other information can be found on the ESB Adoption Map and Table posted on the NMLS Resource Center.
If your obligations flow through ACA’s International Obligations Unit, they will make the appropriate transition over the next few months. To learn more about how the ACA Bond Unit can help you with your bond needs, please contact them at [email protected] Where call (952) 926-6547.