In Kentucky a mortgage loan company must provide a surety bond in an amount set by the State. The mortgage loan company bond guarantees compliance with the provisions of KRS Chapter 286.8 and with all regulations and orders promulgated thereunder, and that the broker will fully satisfy and discharge any judgment or decree rendered against the broker by a court of competent jurisdiction in a suit brought by any aggrieved person in which it is found that broker violated a provision of KRS Chapter 286.8. The surety bond must be written in the amount of $250,000. National leader in surety, Surety One, Inc., can accommodate both the surety and fidelity bond needs of mortgage professionals in ALL fifty states, Puerto Rico and the U.S. Virgin Islands. For more information visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com.
