Kansas Mortgage Company License Bond

Bond Details

• Kansas Mortgage Company License Bond – $100,000 bond – $600 per year
• Kansas Mortgage Company License Bond – $125,000 bond – $750 per year

Overview

Licensees or applicants will provide a surety bond in the amount of $100,000. If the licensee or applicant originated or made more than $50,000,000 in Kansas mortgage loans during the previous calendar year, a $125,000 surety bond is required.

Kansas requires mortgage companies to obtain a surety bond as part of their licensing process. The bond protects consumers from potential financial harm resulting from the mortgage company's actions. The NNA has secured a $600 flat rate for bond amounts of $100,000 and a $750 flat rate for bond amounts of $125,000 for Kansas mortgage companies.