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What is a Kentucky Mortgage Loan Company Bond?

A Kentucky Mortgage Loan Company License Bond is a type of insurance that may protect the consumer from any losses incurred due to principals’ failure to comply with KRS Chapter 286.8 – Mortgage Loan Company Act. The surety bond will be responsible for reimbursing consumers if their property values have been lowered, they are unable to refinance or sell their homes because of the principal's actions, etcetera. If you're looking into getting your mortgage loan company licensed in Kentucky, make sure that you purchase an appropriate license bond when applying!

Do you need a bond for your company?

Swiftbonds is a leading provider of surety bonds. We offer the best rates, fastest service, and most professional customer service in the industry. Our goal is to make sure that we are always there when you need us.

If you’re looking for an easy way to get bonded quickly, call or email us today! We can help with any type of bonding requirement – from construction site safety to general liability insurance. You can even apply online! It only takes minutes and it's completely free.

Get started by filling out this form now!

Why is the Kentucky Mortgage Loan Company Bond ($250,000) required?

Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Read a Kentucky Roofing Contractor Bond ($10,000).

How does a Kentucky Mortgage Loan Company Bond ($250,000) work?

Getting a Kentucky Mortgage Loan Company Bond ($250,000) means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Get a Kentucky Public Adjuster Bond.

How much does a Kentucky Mortgage Loan Company Bond ($250,000) cost?

Kentucky Mortgage Loan Company Bond ($250,000) is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.

Can I get a Kentucky Mortgage Loan Company Bond ($250,000) with bad credit?

Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Need a Kentucky Postsecondary School Bond.

How to get your Kentucky Mortgage Loan Company Bond ($250,000)?

Would you like to know the first step in getting your Kentucky Mortgage Loan Company Bond ($250,000)? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Have a Kentucky Mortgage Loan Originator Bond ($15,000).

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