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Kentucky Mortgage Loan Company Surety Bond

Bond Requirements and Online Application

The Kentucky Mortgage Loan Company Bond is required by the Commonwealth of Kentucky Department of Financial Institutions.

Kentucky Mortgage Loan Company Bond

According to the Kentucky Mortgage Loan Company and Mortgage Loan Broker Act (KRS Chapter 286.8), a “mortgage loan company” is any person who directly or indirectly:

  • Makes, purchases, or sells mortgage loans, or holds oneself out as being able to do so, or
  • Services mortgage loans or holds oneself out as being able to do so.

In order to conduct business as a mortgage loan company in Kentucky, all applicants must file a surety bond with the Commissioner of the Department of Financial Institutions.

Click here to access our fast and easy Mortgage Industry Bond Application! 

The required bond amount is $250,000.

The Kentucky Mortgage Loan Company Bond ensures that the Principal will fully comply with all provisions of KRS Chapter 286.8. The bond also guarantees compensation for any person injured by wrongdoing of the Principal. The Kentucky Mortgage Loan Company Bond is continuous in nature; therefore, it remains in full force and effect until the bond is cancelled. The Surety may cancel the bond at any time by providing written notice to the Commissioner of the Department of Financial Institutions 30 days prior to the effective cancellation date.

Complete our online Mortgage Industry Bond Application and get a free quote on your Kentucky Mortgage Loan Company Bond!

License Requirements and Fees:

  • Surety Bond
  • Other Trade Names
  • Resident / Registered Agent
  • Qualifying Individual
  • Credit Report
  • Disclosure Questions
  • Financial Statements
  • Certificate of Authority / Good Standing Certificate
  • Formation Document
  • Organizational Chart / Description
  • Personal Financial Statement

All fees are required by the obligee, not the Surety Company.

CLICK HERE for more licensing information from the Kentucky Department of Financial Institutions.

APPLY TODAY for your Kentucky Mortgage Loan Company Bond!

How to Get Your Kentucky Mortgage Loan Company 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 Company 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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