Kentucky Mortgage Loan Company Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $250,000 | 1 Year | $1,500 |
Any entity/sole proprietor that directly or indirectly holds himself out as being able to make or purchase loans secured by mortgages on residential real property, being able to service loans secured by mortgages on residential real property or being able to buy or sell notes secured by mortgages on residential real property. Bond amount is based on the previous year's aggregate funded volume according to the following table:
| Bond Amount Required | Annual Premium |
| $250,000 | $1,500 |
Mortgage loan companies conducting residential mortgage lending business in Kentucky must meet state licensing and bonding requirements. Required by the Commonwealth of Kentucky, the Kentucky mortgage loan company bond helps ensure compliance with state mortgage lending requirements and provides financial protection for covered violations.
Cost of the Kentucky Mortgage Loan Company Bond
The cost of the $250,000 Kentucky mortgage loan company bond is $1,500 per bond term with NNA Surety. Secure this surety bond today.
How the Kentucky Mortgage Loan Company Bond Works
The Kentucky mortgage loan company bond protects consumers by holding licensed mortgage loan companies financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage loan company
- Obligee: Commonwealth of Kentucky
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Kentucky mortgage lending requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Kentucky Mortgage Loan Company Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $1,500 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Kentucky mortgage loan company license.
Learn more about your Kentucky surety bond options across the state.
Get Your Kentucky Mortgage Loan Company Bond
Keep your Kentucky licensing requirements on track by securing your mortgage loan company bond today. Complete this form or call 855-457-2196 to get bonded.