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Kentucky Mortgage Company Surety Bond


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The Commonwealth of Kentucky, Department of Financial Institutions, Public Protection Cabinet, through the National Mortgage Licensing System, is tasked with the licensing of mortgage companies, mortgage brokers, master services and sub servicers. The Kentucky Revised Statutes Chapter 286.8, defines the licensing of mortgage loan brokers, mortgage loan companies, and mortgage loan originators.

Surety Bond and License Requirements:

  1. Submit proof the pre-licensure education.
  2. Complete the application through the NMLS system and pay the applicable filing fee, state fee, credit report fee, and FBI Criminal Background Check fee.
  3. A credit report is required for each person of control for the business.
  4. Provide an organizational chart indicating the structure of the company.
  5. Provide formation documentation for applicants that are partnerships, corporations or limited liability companies.
  6. Provide an audited financial statement prepared by a CPA, dated within 90 days of the business fiscal year end. Submitted financials must include a balance sheet, income statement, statement of cash flows and any relevant notes. Applicants must prove a minimum net worth of $1,000,000.
  7. The Resident Agent or Registered Agent must match the name listed with the Secretary of State.
  8. Indicate on the application any trade names or dba’s that will be used.
  9. Provide a Certificate of Authority or a Good Standing Certificate issued by a Secretary of State.
  10. If applicant answers Yes to any of the Disclosure Questions, provide complete details and any applicable documents.
  11. Obtain a $250,000 surety bond. The bond form will need to include the full legal name of the applicant and must match the name on the application.

How Much Will This Bond Cost?

The premium that you pay for a Kentucky Mortgage Company Surety Bond is dependent on credit, and business and personal financial statements.

Did You Know?

The State of Kentucky requires mortgage company licenses must be renewed by November 30 of each year and expire on December 31 of each year.

Related Links:

NMLS - Federal Registry
NMLS - Kentucky Mortgage Company License

More Surety Bond Questions?

Check out our FAQ page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.


For a downloadable application