The Kentucky Mortgage Loan Originators Bond is required by the Commonwealth of Kentucky, Department of Financial Institutions. It states that the bondholder will fully comply with the provisions of the Kentucky Revised Statues (KRS) Chapter 286.8; all regulations and orders. The required bond amount is $20,000.
Surety1 has access to the best surety markets. We will get you bonded quickly and at a competitive price.
Any individual who discusses or negotiates the rates, terms, and conditions of a loan with a borrower or prospective borrower must have a Mortgage Loan Originators Bond as part of the licensing requirements to become a Kentucky Loan Originator.
All applications are done through the Nationwide Multistate Licensing System and Registry (NMLS). Before submitting an application, at least 20 hours of pre-licensure education courses must be completed. Passing results must also be satisfied. After that the following requirements need to be met:
At Surety1.com we make it easy to apply for your Kentucky Mortgage Loan Originators Bond.
If you have any questions along the way, our agents are available to answer your calls. Toll free (877)644-2327, Monday – Friday, 8am to 4:30 pm pacific time. The bond agents at Surety1.com will provide you with he most competitive rate form one or more of the dozen surety markets Surety1 represents.
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.