Kentucky Mortgage Loan Originator Bond
No credit check or financials needed up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount. The NNA has secured a $100 flat rate for bond amounts of $15,000 and a $120 flat rate for bond amounts of $20,000 for Kentucky mortgage companies.
Non-W2 MLOs licensed in Kentucky are now required to obtain an individual surety bond. Original bond documents must be mailed to:
ATTN: Alexis Cataldo-Johnson Kentucky Department of Financial Institutions 500 Mero Street Mayo-Underwood Building, 2 SW 19, Frankfort, KY 40601
| Bond Amount | Cost (Annual Premium) |
|
|---|---|---|
| $15,000 | $100 | |
| $20,000 | $120 |