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:
Surety1 can get you a free, no obligation quote FAST. Simply complete our easy to navigate, free online application. One of our agents will contact you soon with a firm quote. If you wish to proceed, you would sign some paperwork, make payment and the bond will be mailed out to you. Overnight shipping is available for an additional fee.
You can trust our company as we have been in the business of issuing surety bonds in Kentucky and all 50 states since 2003. We are also rated A+ by the Better Business Bureau for our quality service.