Kentucky Mortgage Licensing

Mortgage Banker

Mortgage Loan Company License

Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: None – Audited
Surety Bond: $250,000
Comments: Personal Financials for each owner of 10% or more

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$90 – Foreign Entity App
$125 – Registered Agent Fee
$850 – Company License Fee
$2,500 – KY $250k Surety Bond

Mortgage Broker

Mortgage Loan Broker License

Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $ None – Compiled
Surety Bond: $50,000
Comments: Each Control person must complete Pre-License Education and Testing as required for the KY LO License. Compiled Financial Statement with no minimum net worth. Personal Financials for each owner of 10% or more

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$90 – Foreign Entity App
$125 – Registered Agent Fee
$850 – Company License Fee
$500 – KY $50k Surety Bond

Regulated by:

Office of Financial Institutions

1025 Capital Center Drive, Suite 200
Frankfort, Kentucky 40601
Telephone: 502-573-3390 or 800-223-2579
Fax: 502-573-8787