Kentucky Mortgage Broker Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $50,000 | 1 Year | $300 |
Mortgage brokers in Kentucky are required to post a $50,000 surety bond as a condition of licensure. The NNA has secured a $300 flat rate for all Kentucky mortgage brokers to obtain this bond without a credit check or review of company financials. This bond meets the licensing requirements for Kentucky mortgage brokers and lasts for one year. Bond amount is based on the previous year's aggregate funded volume according to the following table:
| Bond Amount Required | Annual Premium |
| $50,000 | $300 |
Mortgage brokers conducting residential mortgage brokerage business in Kentucky must meet state licensing and bonding requirements. Required by the Commonwealth of Kentucky, the Kentucky mortgage broker bond helps ensure compliance with state mortgage lending requirements and provides financial protection for covered violations.
Cost of the Kentucky Mortgage Broker Bond
The cost of the $50,000 Kentucky mortgage broker bond is $300 per bond term with NNA Surety. Secure this surety bond today.
How the Kentucky Mortgage Broker Bond Works
The Kentucky mortgage broker bond protects consumers by holding licensed mortgage brokers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage broker
- Obligee: Commonwealth of Kentucky
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Kentucky mortgage broker requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Kentucky Mortgage Broker Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $300 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Kentucky mortgage broker license.
Learn more about your Kentucky surety bond options across the state.
Get Your Kentucky Mortgage Broker Bond
Stay compliant with Kentucky licensing requirements by securing your mortgage broker bond today. Complete this form or call 855-457-2196 to get bonded.