Surety Bond
Any person or entity (mortgage company) intending to conduct mortgage business in Kansas under the Kansas Mortgage Business Act. Required when: Application for a Kansas Mortgage Company License. Exemptions: Exemptions are provided under K.S.A. 9-2202 and include banks, trust companies, savings and loan associations, i…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: $100,000. Other available requirements: "The minimum bond amount is $100,000 as per K.S.A. 9-2211. The Commissioner establishes specific amounts by regulation: $100,000 for companies with an annual loan volume up to $50,000,000, and $125,000 for companies with an annual loan vol…. Exact options still depend on the obligee, state, and underwriting.
