Kentucky mortgage loan company bonds.
$1,500 flat.
Kentucky's Department of Financial Institutions licenses mortgage loan companies, which make, purchase, sell or service residential mortgages. The license carries a $250,000 surety bond under KRS 286.8-060, filed through NMLS. Ours is $1,500 flat.
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How much does a Kentucky mortgage loan company bond cost?
$1,500 at the $250,000 amount, the same for every applicant.
Three steps. One sitting.
Even at the $250,000 amount, this is one of the simplest filings in surety. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $1,500 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Kentucky mortgage loan company bonds are filed through NMLS for the DFI's review. Your executed bond arrives by email, ready to attach to your license record — wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Kentucky regulates mortgage lending under KRS Subtitle 286.8, administered by the Department of Financial Institutions through NMLS. A mortgage loan company — an entity that makes, purchases, sells, or services residential real estate loans — posts a $250,000 corporate surety bond under KRS 286.8-060 as a condition of the license, five times the broker requirement because the company handles the loans themselves.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commonwealth of Kentucky (the obligee). The bond stands behind your compliance with Subtitle 286.8 — the licensing, disclosure, and servicing rules that protect Kentucky borrowers — and gives a consumer harmed in a loan transaction a source of recovery up to the bond amount.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay on file for the life of the license and cannot lapse without notice to the DFI, so it has to remain continuously in force; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $250,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File through NMLS. Kentucky mortgage loan company bonds are filed through NMLS for the DFI's review. Your executed bond arrives by email, ready to attach to your license record — wet-ink original mailed on request.
What sets the price
The premium is fixed at $1,500 at the $250,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Kentucky mortgage license bonds.
We write 4 mortgage license bonds in Kentucky. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Broker Bond ($50,000) | KRS 286.8-060 | $50,000 | $300 |
| Mortgage Loan Company Bond ($250,000) (this page) | KRS 286.8-060 | $250,000 | $1,500 |
| Mortgage Loan Originator Bond ($15,000) | KRS 286.8-255 | $15,000 | $100 |
| Mortgage Loan Originator Bond ($20,000) | KRS 286.8-255 | $20,000 | $120 |
Other Kentucky bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your mortgage company license today.
$1,500 flat, issued the moment you pay, no credit check. Free until issued.