Kentucky Mortgage Loan Originator Bond
This bond is required by any individual of a licensed mortgage entity, HUD exempt entity, third-party mortgage loan processing/underwriting entity, hard money lender, or individuals working for a consumer loan or finance company who discusses or negotiates the rates, terms, and conditions of a loan with a borrower or prospective borrower.
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 |