While mortgage companies operating in Kansas are regulated by the state’s Office of the State Bank Commissioner (OSBC), the filing of your license and surety bond are accomplished through NMLS, the Nationwide Mortgage Licensing System.
Once purchased, our agency can electronically file your mortgage company bond with NMLS.
For businesses which maintain a “bona fide”office in Kansas, the Kansas mortgage company bond is:
For businesses which do not have an office in Kansas, the mortgage company bond is:
Qualifying for the Kansas mortgage company bond is by means of an application --- which we can begin with you over the phone, but which you’ll complete and sign--- and a credit inquiry, with the exception below.
For the $50,000 surety bond amount, the bond is issued immediately after an application and payment of the premium, $375. There is no underwriter review or credit inquiry for the $50,000 Kansas mortgage company bond. The bond is issued to you immediately.
For all other amounts, applicants will need to have good credit in order to qualify through our agency.
Since your mortgage company bond renews annually, we offer you the option to prepay your bond for up to 3 years.
Prepayment of your premium offers you a savings over renewing your surety bond annually; however, you should keep in mind that you may require a different surety bond amount at the time of your renewal.
This bond is a financial guarantee of your paying any fees, fines, or penalties assessed by the OSBC and to recompense any damages suffered by any borrowers due to the failure of a mortgage company to comply with statutory regulations.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Kansas.
Our agency also provides surety bonds nationwide.
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