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Kentucky Mortgage Loan Broker Surety Bond

Bond Requirements and Online Application

The Kentucky Mortgage Loan Broker Surety Bond is required by the Commonwealth of Kentucky, Department of Financial Institutions.

The Kentucky Mortgage Loan Broker Surety Bond states that that the mortgage loan broker will follow any provisions of Kentucky Revised Statutes Chapter 286.8, with all regulations and orders.

Kentucky Mortgage Loan Broker Surety Bond

The required amount for the Kentucky Mortgage Loan Broker 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.

Licensing Fees and Requirements:

  • Surety bond
  • Application through NMLS
  • 2 years of direct mortgage experience
  • 30 hours of education courses, if not licensed in another state
  • $850 application fee
  • Criminal background check
  • Personal Financial Statement

All licensing fees are required by the obligee, not the surety company.

CLICK HERE for additional licensing information from the Commonwealth of Kentucky Department of Financial Institutions

APPLY for this bond and get a free quote here

 

How to Get Your Kentucky Mortgage Loan Broker Surety Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Kentucky Mortgage Loan Broker Surety Bond!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

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