Kansas Mortgage Company License Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $100,000 | 1 Year | $600 |
| $125,000 | 1 Year | $750 |
Sole proprietorships (individuals), corporations, partnerships, or any other form of entity, however organized, who intend to conduct mortgage business in Kansas as described above must obtain a license. Any entity desiring to conduct mortgage business with Kansas consumers under the Kansas Mortgage Business Act (KMBA) must file a new company application through NMLS for their principal place of business. Bond amount is based on the previous year's aggregate funded volume according to the following table:
| Aggregate Loan Amount | Bond Amount Required | Annual Premium |
| $0-$50,000,000 | $100,000 | $600 |
| Over $50,000,000 | $125,000 | $750 |
Mortgage companies conducting mortgage business in Kansas must be licensed under the Kansas Mortgage Business Act. Required by the State of Kansas, the mortgage company license bond guarantees the licensee’s faithful performance of its duties and obligations and provides financial protection for covered losses, damages, expenses, fines and fees.
Cost of the Kansas Mortgage Company License Bond
The cost of the $100,000 Kansas mortgage company license bond is $600 per bond term with NNA Surety. Secure the $100,000 bond today.
The cost of the $125,000 Kansas mortgage company license bond is $750 per bond term with NNA Surety. Secure the $125,000 bond today.
How the Kansas Mortgage Company License Bond Works
The Kansas mortgage company license bond protects borrowers and consumers by holding licensed mortgage companies financially accountable for complying with the Kansas Mortgage Business Act.
The bond involves three parties:
Principal: Mortgage company
Obligee: State of Kansas
Surety: Bonding company
A claim against the bond may be filed when the principal fails to comply with covered requirements and causes covered financial harm. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Kansas Mortgage Company License Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $600 or $750 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your mortgage company license.
Learn more about your Kansas surety bond options across the state.
Secure Your Kansas Mortgage Company License Bond
Ready to meet Kansas mortgage licensing requirements?
Complete this form or use the appropriate application above to get bonded. For more information, call 855-457-2196 to speak to our team.