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:
• Experience – 2 years
• Education – 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.
For more information regarding licensing requirements, please visit http://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx?StateID=KY