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    Kentucky State Licenses and Regulator Costs

    Need a license?(312) 588-6800 State Mortgage Licensing Experts
      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