The Commonwealth of Kentucky Department of Financial Institutions requires this surety bond under KRS 286.8 in the amount of $20,000. The bond simply ensures the Department of Financial Institutions that the bond holder will comply with the provisions of KRS Chapter 286.8. It also discharges any judgment or decree rendered by a court of competent jurisdiction in a suit brought by any aggrieved person in which it is found that Principal violated a provision of KRS Chapter 286.8. In most cases, the premium on this bond is as little as $150.
To Get a Kentucky Mortgage Loan Originators Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.