Kentucky State Licenses and Regulator Costs

Mortgage Broker License (Company)

  • NMLS Cost: $850

  • Additional Costs: $15 per credit report

  • Surety Bond Requirement: $50,000

  • Personal Financial Statements: Kentucky requires current personal financial statements for each 10% or greater owner of the company (outside of NMLS)

Mortgage Company License (Company)

  • NMLS Cost: $850

  • Additional Costs: $15 per credit report

  • Surety Bond Requirement: $250,000

  • Personal Financial Statements: Kentucky requires current personal financial statements for each 10% or greater owner of the company (outside of NMLS)

Mortgage Broker Branch License (Branch)

  • NMLS Cost: $420

  • Additional Costs: $15.00 per credit report, $36.25

  • Branch Manager: a branch manager who works out of the branch location is required

  • Additional requirements: the Kentucky Department of Financial Institutions requires a branch authorization form and a copy of the branch lease to mailed in

Mortgage Company Branch License (Branch)

  • NMLS Cost: $420

  • Additional Costs: $15.00 per credit report, $36.25

  • Branch Manager: a branch manager who works out of the branch location is required

  • Additional requirements: the Kentucky Department of Financial Institutions requires a branch authorization form and a copy of the branch lease to mailed in

Loan Originator License (Individual)

  • NMLS Cost: $80

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check

  • Surety Bond: a $15,000 or $20,000 surety bond is required for originators who are not covered by their employer's surety bond

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Lynx Licensing charges a flat rate of $625 per state license, $120 per branch license, and $85 per individual license.

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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