The Kentucky Mortgage Broker Surety Bond is required by the Commonwealth of Kentucky, Department of Financial Institutions. The bond states that that the mortgage loan broker will follow any provisions of Kentucky Revised Statutes Chapter 286.8, with all regulations and orders.
The required amount for the surety bond is $50,000. The price for the bond also known as the bond premium is only a small fraction of the bond amount. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.
Valid: Continuously – Renewable.
Due to its continuous nature, the Kentucky Mortgage Loan Broker Surety Bond remains in full force and effect until it is cancelled. The bond may be cancelled with thirty days notice to the obligee prior to the cancellation date.
At Surety1.com we make it easy. Our three step process for getting bonded is:
Once these 3 simple steps have been completed, your bond will be filed electronically with the NMLS.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Surety1.com is the premier online provider of surety bonds nationwide since 2003. We also maintain an A+ rating from the Better Business Bureau.