Kentucky Mortgage Broker Bonds
A $50,000 Kentucky Mortgage Loan Broker Surety Bond is required by the Kentucky Office of Financial Institutions. The KY license and KY Mortgage Loan Broker Bond is required of any company or Sole Proprietor who serves as an agent for any person in an attempt to obtain a loan or has money to loan secured by a mortgage on residential real property.
The State of KY requires their prescribed KY mortgage loan company bond form be executed by a surety company authorized to issue bonds in the state. A few general pre-requisites for license applications are:
• The Experience required is – 2 years
• The amount of Education required – 30 hours if not licensed for year in other state
• Other – Copy of lease or deed to office
NFP Surety can help you easily obtain the $50,000 KY Mortgage Loan Broker Bond. To speak to a sales representative, please call (800) 863-3210, or complete an online application or downloadable application. These bonds don’t usually take to long to get issued, and we are proud to offer the fastest bonding process in the industry. May of these bonds, we can write in-house, and get you bonded the same day. We can email you a copy of the bond, and drop a paper copy in the mail. We can also expedite the shipping, for your convenience.
For more information regarding licensing requirements, please visit the NMLS Resource Center for more state licensing requirements.
Please think of us for all your bonding needs. We can assist no matter what type of bond you need. We can do Surety, Court, Fidelity, Title, License & Permit, or whatever you need. We are the Kentucky surety bond leaders. If you have any questions, please don’t hesitate to call us. We love to answer questions about how the whole bonding process works. And, its vitally important that the bond be written on the proper form for your state and bond type. If you are not sure what kind you need, reach out to us. We’ll help point you in the right direction.