Kentucky Mortgage Loan Originator Bond
Flat Rates & No Credit Check
| Bond Amount | Bond Term | Annual Premium |
| $15,000 | 1 Year | $100 |
| $20,000 | 1 Year | $120 |
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
Cost of the Kentucky Mortgage Loan Originator Bond
The cost of the $15,000 or $20,000 Kentucky mortgage loan originator bond is $100 or $150 per bond term with NNA Surety. Select the appropriate bond amount above for your $15,000 bond or $20,000 bond today.
How the Kentucky Mortgage Loan Originator Bond Works
The Kentucky mortgage loan originator bond protects consumers by holding registered mortgage loan originators financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage loan originator
- Obligee: Commonwealth of Kentucky
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Kentucky mortgage loan originator requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Kentucky Mortgage Loan Originator Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete the short online application for your $15,000 bond or $20,000 bond.
- Pay the applicable $100 or $150 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Kentucky mortgage loan originator registration.
Learn more about your Kentucky surety bond options across the state.
Get Your Kentucky Mortgage Loan Originator Bond
Stay compliant with Kentucky registration requirements by securing your mortgage loan originator bond today. Complete the application for your $15,000 bond or $20,000 bond, or call 855-457-2196 to get bonded.