Kentucky student loan servicer bonds.
$600 flat.
Kentucky licenses student education loan servicers through the Department of Financial Institutions under KRS Chapter 286.12, and the license application carries a $100,000 surety bond submitted electronically through NMLS. Ours is $600 flat, the price you see is the checkout price. No credit check.
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How much does a Kentucky student loan servicer bond cost?
$600 at the $100,000 amount, the same for every applicant.
Three steps. One sitting.
Student loan servicer bonds are among 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 $600 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Kentucky student loan servicer bonds are submitted electronically 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's student education loan servicing law, KRS Chapter 286.12, requires anyone servicing student loans for Kentucky borrowers — collecting payments, applying them, and working accounts through deferment and default — to license with the Department of Financial Institutions. The application, filed through NMLS, carries a $100,000 electronic surety bond from a carrier licensed in Kentucky.
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 Chapter 286.12 — the servicing, crediting, and borrower-communication standards that protect Kentucky student borrowers — and gives a borrower harmed by a violation 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, alongside the $250,000 net worth the license also requires, 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 $100,000 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 student loan servicer bonds are submitted electronically 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 $600 at the $100,000 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.
Other Kentucky bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your servicer license today.
$600 flat, issued the moment you pay, no credit check. Free until issued.